"Recently, enrollment in the FAIR Plan has ... in the California's insurance market. For policyholders, that includes: higher coverage limits, wildfires discounts for hardening their properties ...
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
Los Angeles wildfires highlight California's insurance crisis as the FAIR Plan faces challenges with limited funds to cover massive fire claims.
But the Golden State program, called the California FAIR Plan, has minimal reserves to pay wildfire claims and could impose huge assessments on insurance companies and on millions of policyholders ...
SAN FRANCISCO (KGO) -- What happens if the California ... and renter's fire insurance - even renters living in high-fire areas can cover their belongings under the FAIR Plan.
The California FAIR Plan Assn., the state’s property insurer of last resort, was born of smoldering ashes — not of a wildfire, but of one of the worst urban disturbances in U.S. history.
SAN DIEGO — As wildfires continue to ravage Los Angeles County, concerns are mounting over the financial capacity of California's insurer of last resort, the FAIR Plan, to handle what will ...
Expected claims payments to Los Angeles County wildfire victims appear to have exceeded $900 million for the state "s insurer of last resort, allowing it to tap into“ re-insurance” payments from ...