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 resortThat’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
A new commentary from AM Best noted that California policyholders increasingly turned to the state’s insurer of last resort ...
LA Times on MSN23d
California's FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. firesAs the FAIR Plan's liabilities have soared, California Insurance Commissioner Ricardo Lara pushed through a series of reforms last year that seek to encourage private insurers to write more policies ...
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
More worrisome may be the solvency of the California FAIR Plan which has a lot of exposure ... their exposure a lot by reducing the number of policies they are writing in areas with high fire ...
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 ...
These days, the FAIR (Fair Access to Insurance Requirements) Plan ... policies at rates and policy language approved by the state’s insurance department. Only 0.5 percent of homeowners in ...
California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up providers.
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