JD Supra1d
California Sustainable Insurance Strategy (SIS) Allows FAIR Plan Assessment Recoupment
The devastating wildfires in the Los Angeles region earlier this year have caused enormous financial strain on recovery mechanisms, such as the ...
R Street Institute3dOpinion
What is the FAIR Plan and will it be fair to wildfire victims?
As Angelenos begin the long process of rebuilding after recent devastating wildfires, a program created in the aftermath of ...
FAIR Plan bailout deepens housing strains
California’s housing market is already one of the most expensive in the country. A San Francisco condo can cost as much as a ...
Orange County Register5d
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR ...
insurancebusinessmag6d
'It's a massive cleanup effort': FAIR Plan's wildfire surge sparks industry-wide alarm
“The FAIR Plan is suitable as the insurer of last resort,” he said, adding that while it provides coverage, it comes with ...
insurancebusinessmag6d
Revealed - insurers may recover up to half of $1B California FAIR Plan assessment
California property and casualty insurers may recover up to half of the $1 billion California FAIR PLAN assessment through a ...
Insurancenewsnet.com6d
California Insurers Can Pass Half of $1B FAIR Plan Rescue Cost to Policyholders | Insurify
California's insurer of last resort for fire insurance says it needs $1 billion to ensure it can continue paying claims in the wake of the Palisades and Eaton wildfires. And State Insurance ...