Insurance Insider14h
California FAIR Plan has already paid out $700mn+ for LA wildfires
The California Fair Plan (CFP) has already paid out more than $700mn for damages related to this year’s Los Angeles wildfires ...
LA Times on MSN9d
Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
insurancebusinessmag3d
Policyholders turned to FAIR Plan for coverage amid fewer primary insurers in California – AM Best
A new commentary from AM Best noted that California policyholders increasingly turned to the state’s insurer of last resort ...
Los Angeles Times24d
California’s FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
To remain solvent, California’s Fair Plan may turn to its member ... payment within days of the fire from her commercial carrier. The last time the plan faced such a financial catastrophe ...
LA wildfires highlight nation's insurance crisis as homeowners try to recover lost homes
The nation’s growing home insurance crisis is in the spotlight as California homeowners begin the long road to rebuilding ...
What is the FAIR Plan and will it be fair to wildfire victims?
Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
California's insurance crisis leaves neighbors facing unequal recovery after wildfires
Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a ...
JD Supra13d
What You Need to Know about the California Fair Access to Insurance Requirements Plan (FAIR Plan)
This alert begins our series discussing legal issues related to the Southern California ... though the FAIR Plan reported that the number of FAIR Plan dwelling and commercial policyholders grew ...
ABC7 San Francisco26d
What happens if CA FAIR Plan goes bankrupt? Here's how it could affect policyholders
SAN FRANCISCO (KGO) -- What happens if the California FAIR ... if the bill is for *commercial* policyholders. Admitted insurance companies must participate in the FAIR Plan by law if they want ...
AOL9d
Wildfire victims file more than 4,400 claims with California's FAIR Plan, home insurer of last resort
More than 4,400 fire-affected homeowners in Los Angeles County have filed insurance claims with the state’s insurer of last resort — the California ... the FAIR Plan has seen its policy ...