This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
AM Best, a credit rating agency specialising in the insurance sector, reports that the recent surge of wildfires across Southern California has deepened ...
This left many without required insurance coverage ... What happens if the FAIR plan goes bust? If the money in the FAIR Plan runs out, insurance companies operating in California may be required ...
LA Times on MSN9d
Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resortThat’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
said California is fortunate to have the FAIR Plan, which is required to accept everyone. Ruiz said outcomes would be even worse if homeowners had no coverage at all. Insurance Commissioner ...
He is contemplating loans, lawsuits and moving his family out of California.How do people get on the FAIR Plan?The plan is a temporary coverage option created by the state as a last resort for ...
Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
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