What is the FAIR Plan and will it be fair to wildfire victims?
Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up ...
Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
Opinion
The FAIR Plan Was Meant to Insure Against Racism, Not Wildfires
The California program was created to protect urban neighborhoods. Now it’s become an incentive to build in fire-prone areas.
JD Supra8d
What You Need to Know about the California Fair Access to Insurance Requirements Plan (FAIR Plan)
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
Orange County Register6d
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
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 ...
Los Angeles Times19d
California’s FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
To remain solvent, California’s Fair Plan may turn to its member insurers for financial help and prompt them to levy surcharges on policyholders. The California FAIR Plan Assn., the state’s ...
Capital Public Radio1h
Before they lost their homes in the LA fires, many lost their insurance
Over the past few years, tens of thousands of Californians have faced the same shock. Major companies like State Farm and ...
insurancebusinessmag15d
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 Fire, according to an update provided to BestWire. The FAIR Plan insures ...