FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
San Francisco Chronicle on MSN6mon
Exclusive: Can California’s FAIR Plan handle a huge wildfire? Here’s what insurer’s president says
In an exclusive interview with the Chronicle, FAIR Plan President Victoria Roach for the first time disclosed the answer: ...
San Francisco Chronicle on MSN9mon
California FAIR Plan could see ‘substantial’ home insurance rate increase
In 2023, the plan raised rates for policyholders an average 15.7%. The FAIR Plan has not yet filed for another increase, and ...
Home Losses From the LA Fires Hasten ‘An Uninsurable Future’
Read More: The Conditions That Led To the Unprecedented Los Angeles Fires.
AOL20d
Homeowners in California could pay a surcharge of $1,000 or more if FAIR Plan runs dry
"We are one event away from a large assessment," Victoria Roach, president of the FAIR Plan, told the California state legislature last year. "There’s no other way to say it, because we don’t ...
California had a home insurance crisis before the LA fires. It's only going to get worse.
The California wildfires could drive up premiums and prompt a new wave of private insurers dropping policies or declining to ...
San Gabriel Valley Tribune3d
FAIR Plan gets 4,400 claims from LA wildfire victims
Last March, FAIR Plan President Victoria Roach told lawmakers the provider only had $700 million in cash on hand. Should it run out of money, state law gives the FAIR Plan the ability to pass the ...