Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
The nation’s growing home insurance crisis is in the spotlight as California homeowners begin the long road to rebuilding ...
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up ...
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 ...
Under the FAIR Plan, Wilson paid about 60% more in premiums related to the fire than Hamlin, though he is slated to receive less than half the coverage. And his true home insurance cost was ...
And his true home insurance cost was actually much higher because he also had to buy “wrap-around insurance” for issues the FAIR Plan doesn’t cover, such as burst pipes or falling objects ...