Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern ...
Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other in ...
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
The California insurance crisis laid bare by the Los Angeles fires was fueled by "regulatory failure," economist Nancy ...
Two Democratic California state senators on Monday will announce a proposal allowing the victims of natural disasters and ...
The nation’s growing home insurance crisis is in the spotlight as Californians begin the long road to rebuilding after the deadly Eaton and Palisades wildfires. For neighbors Louise Hamlin and ...
Hamlin’s home was privately covered by Mercury Insurance, but Wilson was forced onto the California Fair Access to Insurance Requirements Plan — the state’s bare-bones insurance program ...
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 to contribute additional capital to the plan.
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