A new commentary from AM Best noted that California policyholders increasingly turned to the state’s insurer of last resort ...
SUBMITTED STATEMENT OFSTEVEN GREENHUTRESIDENT SENIOR FELLOW AND WESTERN REGION DIRECTORR STREET INSTITUTE BEFORE THESUBCOMMITTEE ON THE ADMINISTRATIVE STATE, REGULATORY REFORM, AND ANTITRUSTCOMMITTEE ...
The Southern California wildfire crisis struck just when the Department of Insurance’s “Sustainable Insurance Strategy” was set to go into ...
The California program was created to protect urban neighborhoods. Now it’s become an incentive to build in fire-prone areas.
Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
The Pacific Palisades had a “flavor,” as broker Anthony Marguleas remembers it. The residential neighborhood on the Westside ...
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
The Eaton fire destroyed thousands of structures in Altadena and Pasadena. Now, residents grapple with how they can afford to rebuild.
The California FAIR Plan has an outsized share of the state’s riskiest policies because it is the insurer of last resort for home and building owners who can’t get coverage elsewhere.
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