AM Best, a credit rating agency specialising in the insurance sector, reports that the recent surge of wildfires across Southern California has deepened ...
Tracking Los Angeles Wildfire Insurance Payments: More Than $4 Billion in Claims Paid Out to Victims
California’s insurance authority has launched an online tracking tool that shows how much money has been paid out in claims ...
A spokesperson for the FAIR Plan declined to say how much money it has in reserves, nor would she confirm the New York Times’ report ... claims-paying capacity.” “The loss in Southern ...
president of the Personal Insurance Federation of California. It will be months, if not years, before the FAIR Plan must start paying claims for reconstruction, during which it will continue ...
The Insurance Journal, a trade magazine, reports that the California Fair Plan, has $377 million to play claims plus $5.75 billion in insurance it bought to cover mass disasters. If true ...
concerns are mounting over the financial capacity of California's insurer of last resort, the FAIR Plan, to handle what will likely be a massive influx of fire claims. The California FAIR (Fair ...
The California ... could wipe out the plan's $377 million in reserves, as well as $5.78 billion worth of reinsurance the FAIR Plan announced Friday it had. The reinsurance requires the plan to pay the ...
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