A statement confirming that reverse mortgage lenders can conduct a financial assessment to help ensure borrowers can meet their tax and insurance payments on the loans is coming soon, a Department ...

Other assessments were made in 1994 and 1995 following the Northridge earthquake. In total, said Roach, the FAIR Plan assessed the industry $260 million.

However, for any new catastrophic events after that date, FAIR would need to pay the first $1.25 billion in losses before its reinsurance coverage would begin to help, suggesting that even with ...

In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks.

HUD said at the time "the Local Government Assessment Tool was confusing, difficult to use and frequently produced unacceptable assessments." Earlier that month, a group of fair housing advocates ...

The $1 billion assessment puts the FAIR Plan at an estimated cash position of just under $400 million by July 2025, and enough to ensure that the FAIR Plan continues to have sufficient funds to ...