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Since the LA fires on January 7, much more attention has been put on the California FAIR Plan, the state's fire insurer of last resort. Once thought of as a small, rarely-used backstop ...
California’s last-resort insurance program says it’s in dire financial straits after the Los Angeles wildfires.
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ABC7 KABC on MSNHomeowners sue California FAIR Plan, claim it's not paying for home cleanups after wildfiresThe FAIR Plan is the insurer of last resort when other companies will not write you a fire policy. Now, there is a lawsuit filed by a number of survivors who claim the FAIR Plan is not being fair ...
California’s Fair Plan, the state’s insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid ...
The California FAIR Plan last month required member companies such as State Farm, Allstate Corp. and Chubb Ltd. to cough up a combined $1 billion to bolster its reserves as it sorts through ...
California's insurance commission in February ordered insurers doing business in California to provide $1 billion to the FAIR Plan, the state's insurer of last resort, to help it pay out claims ...
According to the Department of Insurance, the California FAIR Plan must cover smoke damage, but a group of homeowners told CSB News Los Angeles their FAIR Plan is denying or undervaluing their ...
And she blames one entity for that: the California Fair Plan, the state’s insurer of last resort. Jordan says a door at their East Loma Alta Drive home swung open during the firestorm and the ...
Ali Moghaddas, a partner at Edelson PC, said the FAIR Plan policies affecting policyholders have added insult to injury. | ...
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