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 ...
Los Angeles Times22d
California’s FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
To remain solvent, California’s Fair Plan may turn to its member insurers ... Any surcharges would require the approval of the insurance commissioner. Consumer Watchdog — which wrote the ...
ABC7 San Francisco24d
What happens if CA FAIR Plan goes bankrupt? Here's how it could affect policyholders
SAN FRANCISCO (KGO) -- What happens if the California FAIR Plan ... the insurers that make up the FAIR plan will need to request the Commissioner's prior approval to pass on the cost to policyholders.
Sacramento Bee24d
Bill meant to help stabilize California insurance market has support. When could it pass?
Assembly Bill 226 would allow the California FAIR Plan to request financial support from a state-created bank to help pay off claims, as long as the plan is approved to do so by the insurance ...
Los Angeles Daily News5d
What is the FAIR Plan and will it be fair to wildfire victims?
These days, the FAIR (Fair Access to Insurance Requirements) Plan is ... policy language approved by the state’s insurance department. Only 0.5 percent of homeowners in California are covered ...
The New York Times26d
California’s Insurance System Faces Crucial Test as Losses Mount
The FAIR Plan, like other California insurers, needs approval from the state insurance commissioner to increase premiums. Mr. Dorsey, the FAIR Plan spokesman, said the plan is required to charge ...