Last week, California Insurance Commissioner Ricardo Lara approved a significant expansion of the California FAIR Plan’s ...
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MyNewsLA.com on MSNFAIR Plan Seeks Judicial Intervention in Fire Damage Proceeds DisputeThe California FAIR Plan Association is asking a judge to order the former homeowners of a Malibu residence that burned down in the Palisades Fire in January to get together with a judgment creditor ...
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California FAIR Plan is running out of money; nearly all homeowners to help bail it outThe California FAIR ... onto the FAIR Plan in future, because there’s no consequence for abandoning these families,” the group’s Executive Director Carmen Balber said in a statement.
Once thought of as a small, rarely-used backstop, the FAIR Plan is now one of the largest insurers in the state, and people without FAIR Plan insurance are the ones on the hook for the FAIR Plan's ...
A chart included in that letter says the FAIR Plan has paid more than $914 million in losses on claims, triggering “reinsurance” payments from back-up providers. In earlier statements ...
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