insurancebusinessmag2d
Policyholders turned to FAIR Plan for coverage amid fewer primary insurers in California – AM Best
A new commentary from AM Best noted that California policyholders increasingly turned to the state’s insurer of last resort ...
LA neighbors have vastly different post-wildfire rebuilding options due to insurance crisis
How they’ll navigate rebuilding is a story of contrasting fortunes and unequal recovery that reveals the nation’s growing ...
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 ...
California's Wildfires Exposed Failings of the State's Leadership
Gov. Gavin Newsom and Democratic lawmakers are sure to lecture us again this session about the need to step up our efforts to ...
Hours of calls. Delayed payouts. What FAIR Plan coverage is like for some Californians whose homes have burned
It was a grueling routine. For months after their home burned down in the 2021 Caldor Fire, Jennifer McKim-Hibbard and her husband would wake up and call the California FAIR Plan. They would navigate ...
Artemis17d
APCIA CEO joins call for California to issue cat bonds to recapitalise FAIR Plan after fires
The CEO of the American Property Casualty Insurance Association (APCIA) has joined the calls on the California legislature to issue catastrophe bonds in ...
East Bay Times17d
Why all California homeowners could be on the hook for LA County wildfire costs
The California ... in the form of a “supplemental fee.” What is the likelihood of that happening? “We just don’t have the information yet because the FAIR Plan is still gathering ...
KTVU19d
Southern California wildfires highlight home insurance industry
Insurers object, saying rating companies data over inflates the number of unpaid claims, since some claims are under the deductible or that the policy ... that the California Fair Plan, has ...