LA wildfires highlight nation's insurance crisis as homeowners try to recover lost homes
The nation’s growing home insurance crisis is in the spotlight as California homeowners begin the long road to rebuilding ...
Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
What is the FAIR Plan and will it be fair to wildfire victims?
Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up ...
insurancebusinessmag2d
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 ...
Orange County Register5d
What is the FAIR Plan and will it be fair to wildfire victims?
That’s the multibillion-dollar question. The FAIR Plan is an option for homeowners who are unable to obtain insurance from any private insurance company. The program was created by the state ...
Yahoo Finance4d
LA wildfires highlight nation's insurance crisis as homeowners try to recover lost homes
How do people get on the FAIR Plan? The plan is a temporary coverage option created by the state as a last resort for homeowners who can't find private insurance. More Californians are relying on ...
AOL7d
Wildfire victims file more than 4,400 claims with California's FAIR Plan, home insurer of last resort
More than 4,400 fire-affected homeowners in Los Angeles County have filed insurance claims with the state’s insurer of last resort — the California FAIR Plan. That’s enough to kick the plan ...