Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
The California program was created to protect urban neighborhoods. Now it’s become an incentive to build in fire-prone areas.
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up ...
The California FAIR Plan Assn., the state's property insurer of last resort, was born of smoldering ashes — not of a wildfire, but of one of the worst urban disturbances in U.S. history. The Watts ...
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
It was a grueling routine. For months after their home burned down in the 2021 Caldor Fire, Jennifer McKim-Hibbard and her husband would wake up and call the California FAIR Plan. They would navigate ...
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton Fire, according to an update provided to BestWire. The FAIR Plan insures ...
An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the L.A. wildfire.
With non-renewals and coverage drops, many Californians are insured against fire through the California FAIR Plan. However, the plan is on rocky ground after the LA fires.
Gov. Wes Moore’s proposed tax increases on wealthy Marylanders don’t go far enough, according to a growing coalition of ...
In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR Plan is ...