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The California FAIR Plan (the FAIR Plan) was created to provide insurance for high-risk properties that are difficult to ...
As insurers withdrew from the L.A. market, more homeowners joined the FAIR Plan. Now Jan. 7 fire victims are battling with the state's insurer of last resort to get compensated.
The lawsuit claims insurers conspired to force homeowners onto the FAIR Plan, a last-resort insurance program.
The complaint accuses dozens of major insurance companies of collaborating in a “group boycott” of certain areas to force ...
Homeowners class action plaintiffs will depend on finding evidence of conspiracy in discovery process, a legal expert said, ...
The post L.A. Wildfire Victims Sue Insurance Carriers for Dropping Fire Coverage appeared first on Real Estate News & ...
Consumers paid more for FAIR Plan fire policies, while insurance companies ‘reaped a windfall worth billions of dollars,’ ...
State Farm, the largest home insurer in California with roughly a million policies, didn't immediately respond to requests for comment. The FAIR Plan is an insurance pool that all the major private ...
The lawsuits come as California is struggling with an ... February ordered insurers to provide $1 billion to the FAIR Plan to help it pay out claims related to the L.A. wildfires, he allowed ...