FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half
The California FAIR Plan, the insurer of last resort, received approval to assess member carriers $1 billion to help pay its ...
California FAIR Plan needs $1 billion more to pay out claims from LA fires
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said ...
The San Bernardino Sun10d
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 ...
Orange County Register10d
What is the FAIR Plan and will it be fair to wildfire victims?
If the money in the FAIR Plan runs out, insurance companies operating in California may be required ... E&S insurers have “freedom of rate and form,” which means they are not required to ...