First the fires, now the fight: Flaws in California insurance plan will test L.A. homeowners
An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the ...
California Homeowners Unaffected by Wildfires Could Get New Insurance Bill
Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after ...
California’s FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los ...
Why all California homeowners could be on the hook for LA County wildfire costs
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
insurancebusinessmag12h
Revealed - California FAIR plan faces $4.8 billion exposure from LA fires
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
Affected by the Wildfires in Southern California? You Might be Safe From Home Insurance Cancellations Through 2026
A recent moratorium now protects California policyholders from losing home insurance coverage for at least one year if their ...
What happens if CA FAIR Plan goes bankrupt? Here's how it could affect policyholders
"You can bet that if the FAIR Plan goes bankrupt - and it's a good bet it will - the insurance companies will come after us ...
insurancebusinessmag1d
California lawmakers seek greater oversight of FAIR Plan
California legislators are pursuing greater oversight of the California FAIR Plan Association, the state’s insurer of last ...
Los Angeles Times5d
California’s FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
Many homeowners in the fire zones were on the FAIR Plan after insurers pulled back from California’s troubled insurance market. Forking over billions of dollars could wipe out the plan’s $377 ...
New insurance rules mean homeowners throughout California are likely to pay more after fires
A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los ...
KNPR2h
California's last-resort insurer faces scrutiny as Colorado prepares for its own launch
More than 30 states have Fair Access to Insurance Requirements (FAIR) plans, which are state-run programs backed by private ...
California's FAIR Plan faces financial strain amid Los Angeles wildfire crisis
Los Angeles wildfires highlight California's insurance crisis as the FAIR Plan faces challenges with limited funds to cover ...