News

For the first time, data released by the California FAIR Plan shows just how much Californians in every ZIP code are paying ...
The California Dept. of Insurance is allowing the FAIR Plan to charge insurance companies - who can charge customers - to recoup costs after certain major wildfires.
Reps with the state’s home insurer of last resort said an appeal was unlikely in the court ruling, which said it violated ...
What happens if the California FAIR Plan goes under after the wildfires? Here's how it could affect the 8.7 million policyholders across the state.
As insurance companies retreat, the FAIR Plan has seen its policy count grow from a little over 200,000 in September 2020 to more than 450,000 as of September 2024.
A $1 billion assessment for California’s FAIR Plan, the state-mandated insurer of last resort, is expected to drive up premiums as companies will likely pass some of the costs onto homeowners.
As insurers dropped policies, Californians rushed to the FAIR Plan, a last-resort insurer funded by the insurance industry. It protected 450,000 homes as of September – more than double its 2020 ...
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 ...
Last year, Victoria Roach, the FAIR Plan president, said the plan has about $200 million in surplus and $2.5 billion in reinsurance. The state recently clarified what would happen if the FAIR Plan ...