News

JD Supra14h
Structure of the California FAIR Plan and the financial challenges
The California FAIR Plan (the FAIR Plan) was created to provide insurance for high-risk properties that are difficult to ...
California Insurers Hit by FAIR Plan Antitrust Suit After Fires
Los Angeles wildfire victims brought two antitrust suits against several insurers in the state, alleging they forced ...
JD Supra7d
Homeowners Allege California FAIR Plan Member Insurers Impermissibly Restricted Wildfire-Related Loss Coverage
California homeowners filed suit in Los Angeles County Superior Court against the California FAIR Plan Association (CFPA) and several ...
Digital Insurance4d
California FAIR Plan bill stops short on financing method
AB 226, a borrowing mechanism bill passed by the state assembly, allows bond issues supporting the homeowners insurer of last ...
Hosted on MSN2mon
California FAIR Plan is running out of money; nearly all homeowners to help bail it out
The California FAIR Plan does not have enough money to weather ... according to their market share of residential and commercial policies. The charge will appear on policyholder’s bills as ...