The California Fair Plan (CFP) has already paid out more than $700mn for damages related to this year’s Los Angeles wildfires ...
Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
That's enough to kick the plan's strained finances further into crisis mode, increasing the chances that homeowners statewide ...
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a ...
For decades, California's byzantine insurance regulations effectively forced insurers to subsidize people living in ...
The fires that devastated Pacific Palisades and Altadena, California have been a nightmare for thousands of citizens who have lost loved ones and their homes. Although the human cost of tragedies of ...
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern ...
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
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 FAIR Plan. That’s enough to kick the plan ...
What happens if the FAIR plan goes bust? If the money in the FAIR Plan runs out, insurance companies operating in California may be required to contribute additional capital to the plan.