THE MEASURE WOULD ALSO ALLOW THOSE WHO ARE ON THE CALIFORNIA FAIR PLAN, WHICH IS THE STATE INSURANCE ... THE LEADER OF THE WESTERN STATES PETROLEUM ASSOCIATION SAID IN PART, IT IS A SHAME THAT ...
For months after their home burned down in the 2021 Caldor Fire, Jennifer McKim-Hibbard and her husband would wake up and call the California FAIR Plan. The FAIR Plan, California's state-created ...
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 ...
The California FAIR Plan has an outsized share of the state’s riskiest policies because it is the insurer of last resort for home and building owners who can’t get coverage elsewhere.
It’s already clear that claims to the California FAIR plan from the Los Angeles fires will exceed its reserves and reinsurance. When that happens, under recent policy changes in California ...
The Insurance Journal, a trade magazine, reports that the California Fair Plan, has $377 million to play claims plus $5.75 billion in insurance it bought to cover mass disasters. If true ...
California legislators are pursuing greater oversight of the California FAIR Plan Association, the state’s insurer of last resort for property coverage, as the threat of wildfires continues to ...
A plan to provide firefighters in Los Angeles ... “I think the fire service just didn't see the need for it in Southern California,” recalled Charles Scawthorn, a UC Berkeley researcher ...
SAN DIEGO — As wildfires continue to ravage Los Angeles County, concerns are mounting over the financial capacity of California's insurer of last resort, the FAIR Plan, to handle what will ...
“The California Trucking Association [CTA] has consistently stated the Advanced Clean Fleets Rule was unachievable,” Eric Sauer, CTA chief executive, said in a statement. He pointed out that the ...
“They were forced to switch to the California FAIR plan. Even though they’re insured, like many victims of this tragedy, they’re underinsured.” The FAIR plan is supposed to function as ...