First the fires, now the fight: Flaws in California insurance plan will test L.A. homeowners
An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the ...
California Homeowners Unaffected by Wildfires Could Get New Insurance Bill
Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after ...
California’s FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los ...
California Insurers Will Survive Fires—But FAIR Plan Faces Big Questions
Newsweek asked experts on the insurance market if they expect insurers to survive the financial fallout of these fires.
insurancebusinessmag18h
Revealed - California FAIR plan faces $4.8 billion exposure from LA fires
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
California’s Insurance System Faces Crucial Test as Losses Mount
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
Why all California homeowners could be on the hook for LA County wildfire costs
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
Affected by the Wildfires in Southern California? You Might be Safe From Home Insurance Cancellations Through 2026
A recent moratorium now protects California policyholders from losing home insurance coverage for at least one year if their ...
insurancebusinessmag1d
California lawmakers seek greater oversight of FAIR Plan
California legislators are pursuing greater oversight of the California FAIR Plan Association, the state’s insurer of last ...
New insurance rules mean homeowners throughout California are likely to pay more after fires
A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los ...
Los Angeles Times5d
California’s FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
Many homeowners in the fire zones were on the FAIR Plan after insurers pulled back from California’s troubled insurance market. Forking over billions of dollars could wipe out the plan’s $377 ...
Homeowners in California could pay a surcharge of $1,000 or more if FAIR Plan runs dry
Consumer Watchdog, a non-profit group that has previously sounded alarms about FAIR's solvency, warned last year that ...