Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
Homicide detectives identified the suspect as Mario Amarion Jennings of Rancho Cucamonga and, with the assistance of Special ...
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up providers.
As we enter 2025 amid the devastating Los Angeles fires and with a new presidential administration, we continue our series of yearly reviews of ...
SAN DIEGO — As wildfires continue to ravage Los Angeles County, concerns are mounting over the financial capacity of California's insurer of last resort, the FAIR Plan, to handle what will ...
To remain solvent, California’s Fair Plan may turn to its member insurers for financial help and prompt them to levy surcharges on policyholders. The California FAIR Plan Assn., the state’s ...
LOS ANGELES — The California FAIR Plan Association, the state's property insurer of last resort, was born of smoldering ashes — not of a wildfire, but of one of the worst urban disturbances in ...
Insuring homes in fire-prone areas was already an issue, even with overdue reforms, and the state’s FAIR plan is underfunded. Many, or all, of the products featured on this page are from our ...
Due to lower competition in the State and politicians' unwillingness to change regulations, California's FAIR Plan has increased quite significantly in size during recent years, to a level that ...
SAN FRANCISCO (KGO) -- What happens if the California FAIR Plan goes under in the wake of the devastation in Los Angeles? And what impact could it have on the 8.7 million policyholders across the ...
The insurers also asked for — and got — relief from having to pay an assessment if claims made against the California FAIR Plan, which by state law has to write insurance for those who cannot obtain ...