Insurance Insider15h
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 ...
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 ...
insurancebusinessmag10d
California insurers pay out over $4.2 billion for Eaton and Palisades wildfires
The California Department of Insurance (CDI) has released claims payment data showing that insurers have already paid out ...
Allstate expects $1.1 billion loss from California fires
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern ...
FAIR Plan gets 4,400 claims from LA wildfire victims
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
The San Bernardino Sun7d
What is the FAIR Plan and will it be fair to wildfire victims?
But can this program pay out the billions in claims ... If the money in the FAIR Plan runs out, insurance companies operating in California may be required to contribute additional capital to ...