Wildfires have become a growing concern in California particularly in regions like Los Angeles where dry conditions and strong winds create a high-risk environment As homeowners struggle to find compr ...

California property and casualty insurers may recover up to half of the $1 billion California FAIR PLAN assessment through a ...

California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out ...

For example, the combined cost of California FAIR Plan coverage and a DIC policy was about $3,200 per year in 2022, which is more than double the cost of a standard home insurance policy in ...

A new commentary from AM Best noted that California policyholders increasingly turned to the state’s insurer of last resort ...

California’s ... for homeowners to find coverage. Now the pressure to leave will be even greater. The $1 billion assessment is the largest since the FAIR Plan was created in 1968, and the ...

Roughly 4,700 claims have been filed as of this week, and the plan has already paid out more than $914 million. Another insurance company is rolling back coverage in California Under a FAIR Plan ...

It is made up of all the companies that are licensed to write property policies in California and is not funded by taxpayer dollars. In recent years, the number of people with FAIR Plan coverage ...

WE HAVE SENT KCRA 3’S ANDREA FLORES DOWN TO SOUTHERN CALIFORNIA TO LOOK ... high premiums and basic coverage. There were more than 452,000 policies on the Fair Plan in 2024, more than double ...