News

Consumer group sues insurance commissioner over Fair Plan assessments on state homeowners
Consumer Watchdog sues Insurance Commissioner Ricardo Lara, alleging that rules he issued last year that will allow the ...
JD Supra4d
Structure of the California FAIR Plan and the financial challenges
The California FAIR Plan (the FAIR Plan) was created to provide insurance for high-risk properties that are difficult to ...
Insurer of last resort kept growing. Then L.A. fire victims paid the price
As insurers withdrew from the L.A. market, more homeowners joined the FAIR Plan. Now Jan. 7 fire victims are battling with ...
Investigation reveals Californians are forced into FAIR plan despite living in low-risk areas for wildfires
The FAIR plan was established in California around 60 years ago and is a state-run insurance option for homeowners who can’t ...
Digital Insurance8d
California FAIR Plan bill stops short on financing method
AB 226, a borrowing mechanism bill passed by the state assembly, allows bond issues supporting the homeowners insurer of last ...
California wants fewer homeowners insured on the FAIR Plan. Data show the state's strategy may not be enough.
As more people in California lose private insurance, the state's FAIR plan is filling up with homes in places the industry itself has classified as low-risk for wildfire.
Mercury News13d
Lawsuit seeks to halt California’s homeowner-funded FAIR Plan insurance bailout
small business and nonprofits who need access to insurance options, while doing nothing to address the insurance crisis.” The FAIR Plan is a state-mandated, high-risk pool of private insurers ...
Fox Business9d
Wildfire victims not receiving help from FAIR Plan: 'I’ll have to fight with them for the next three years'
That’s especially true for some families forced onto the California FAIR Plan as a last resort after ... And even with the more limited policy, some say they’re still not getting the ...