Why it matters: Munich Re continues to build out the more specialist areas of its business, with global specialty insurance now accounting for close to a third of property and casualty reinsurance ...

AB 226, a borrowing mechanism bill passed by the state assembly, allows bond issues supporting the homeowners insurer of last ...

UK-based insurtech company Ripe has completed its acquisition of boat insurance specialist GJW Direct from Munich Re Specialty. Financial details of the deal, initially announced in October 2024 ...

The house was covered by the California FAIR Plan ... property where they built the home. They wanted a place with a sunset view. “It was really special for us,” Proctor said. “We’re ...

"We're suffering from that in a major way right now because of the shortage of availability in California," he said. "This is why we keep seeing the FAIR plan growing and growing and growing.

"The reason that we can't move back into our house is because California ... fair paying out victims. "The FAIR Plan's position is that houses that did not burn to the ground are not damaged, they ...

As noted, the FAIR Plan also has the authority to issue market assessments to property insurers doing business in California. An “assessment” is the Fair Plan’s right to—subject to the ...

In a lawsuit filed in Los Angeles Superior Court on Monday, Consumer Watchdog alleges that Lara violated state law when he reached a deal last year with California’s property insurer of last ...

A group of property owners affected by the January wildfires is suing major California insurance carriers, including the state’s largest, State Farm, accusing them of violating California’s ...

Many homeowners have received non-renewal notices - forcing them to use the California FAIR plan ... get your wrap-around policy. "You have your mortgage on top of your taxes you're paying ...

Consumer advocates are suing to halt a massive homeowner-funded bailout of California ... The FAIR Plan is a state-mandated, high-risk pool of private insurers for homeowners and other property ...