Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a ...
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern ...
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
The California insurance crisis laid bare by the Los Angeles fires was fueled by "regulatory failure," economist Nancy ...
Two Democratic California state senators on Monday will announce a proposal allowing the victims of natural disasters and ...
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 to contribute additional capital to the plan.
Hamlin’s home was privately covered by Mercury Insurance, but Wilson was forced onto the California Fair Access to Insurance Requirements Plan — the state’s bare-bones insurance program ...