Policyholders turned to FAIR Plan for coverage amid fewer primary insurers in California – AM Best
A new commentary from AM Best noted that California policyholders increasingly turned to the state’s insurer of last resort ...
Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
While they wait for a rental property to become available, Jewlz and Terry are now living in a hotel room with their dog Coda ...
said California is fortunate to have the FAIR Plan, which is required to accept everyone. Ruiz said outcomes would be even worse if homeowners had no coverage at all. Insurance Commissioner ...
This left many without required insurance coverage ... What happens if the FAIR plan goes bust? If the money in the FAIR Plan runs out, insurance companies operating in California may be required ...
The California program was created to protect urban neighborhoods. Now it’s become an incentive to build in fire-prone areas.
Before the wildfires, California decided to pass on reinsurance costs to policyholders. After the fires, California is ...
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