Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up ...
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
The California program was created to protect urban neighborhoods. Now it’s become an incentive to build in fire-prone areas.
FAIR, with its high premiums and basic coverage, was designed as a temporary safety net until policyholders find a more ...
The nation’s growing home insurance crisis is in the spotlight as Californians begin the long road to rebuilding after the deadly Eaton and Palisades wildfires.
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 ...
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 ...
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