The California insurance crisis laid bare by the Los Angeles fires was fueled by "regulatory failure," economist Nancy ...

Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...

California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up ...

Homeowners’ insurance has become increasingly difficult to afford and harder to get in California and some other states ...

The California FAIR Plan, the state’s insurer of last resort ... according to an update provided to BestWire. The FAIR Plan insures about 22% of the structures affected by the Pacific Palisades ...

California provided the beginnings of such a paradigm with its Fair Access to Insurance program ... are estimated to exceed $250 billion. This state of affairs isn’t just dangerous for ...

because the FAIR Plan is an insurance pool whose costs are borne by all insurers in the state. Homeowners who have no choice but to go on the FAIR Plan can reach out to a licensed insurance broker ...

The California Fair Plan (CFP) has confirmed its reinsurance ... It has not yet asked the state insurance commissioner for an assessment in relation to this month’s fires.

The California FAIR (Fair Access to Insurance Requirements) Plan was established in 1968 to ... the full impact of the Los Angeles fires on state policyholders, the massive damages will ...