The main wildfires in California have subsided, but calculating the damages — both financial and emotional — is a challenge ...
Earlier this month, the California Department of Insurance announced that insurance companies have paid out $4.2 billion in ...
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to the state’s home-insurance crisis.
More worrisome may be the solvency of the California FAIR Plan ... state's insurer-of-last-resort, the FAIR plan, which has seen an over 200 percent growth since 2018. The last couple years ...
The California wildfires that have ... to move into the state's insurer-of-last-resort, the FAIR plan, which has seen an over 200 percent growth since 2018. The last couple years, the state ...
That growth came despite catastrophe claims ... as justification for rate increase requests. For example, the California FAIR plan — the state-created insurer of last resort for homeowners ...
Some were forced into the state’s so-called “last resort,” the California FAIR Plan, which has seen demand soar in recent years but only covers residential properties for up to $3 million.
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