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Attorneys for State Farm said if the rate increases are approved, the company has also agreed to seek $400 million in funds from its parent company.
The Colorado FAIR Plan officially launched on Thursday, which will provide some hope and relief for Colorado homeowners.
The California FAIR Plan Assn. was sued Thursday by 10 homeowners whose residences were damaged during the January wildfires, with benefits were wrongfully denied or delayed. The plaintiffs’ Los ...
Some homeowners, however, say they haven't been able to clean up."The reason that we can't move back into our house is because California FAIR Plan is just, like, giving us a total runaround," said ...
During a public hearing on Tuesday, State Farm said rate hikes are needed to shore up its assets and stability.
California will see the second-biggest rate hikes in the U.S. as a consequence of the Palisades and Eaton fires, a report found.
In Mariposa County, 42% of homeowners are already using the FAIR plan as the county has the third highest non-renewal percentage in the state at 6.87%.
The decision from this meeting will impact policyholders everywhere but particularly those who live in fire country — like ...
Instead of pursuing costly litigation with dubious benefits, let’s work together to find real solutions that benefit all ...