Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
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 ...
insurancebusinessmag12d
Revealed - California FAIR plan faces $4.8 billion exposure from LA fires
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
JD Supra4d
What You Need to Know about the California Fair Access to Insurance Requirements Plan (FAIR Plan)
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
California lawmakers want oil companies to be liable for natural disasters
Two Democratic California state senators on Monday will announce a proposal allowing the victims of natural disasters and ...
Los Angeles Daily News2d
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR ...
PBS7d
California's FAIR Plan Strained by Wildfires
Wildfires push California property owners to the costly FAIR insurance plan. With insurers canceling or refusing policies in high-risk wildfire areas, more Californians are turning to the FAIR ...
Hosted on MSN13d
California's FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
The California FAIR Plan Assn., the state's property insurer of last resort, was born of smoldering ashes — not of a wildfire ...