The Fair Plan last year only had around $2.5bn of reinsurance cover part-placed across a layer attaching at $900mn and ...

The California Department of Insurance said Tuesday they will allow the FAIR Plan, designed for Californians who can’t get coverage on the private market, to collect $1 billion from insurers ...

Since then, the FAIR plan has been inundated with claims for damage by homeowners who lost everything — and who had not been able to get coverage on the private market. To date, the plan has ...

The FAIR Plan is an insurance pool that all the major private insurers pay into, and the plan then issues policies to people who can’t get private insurance because their properties are deemed ...

Also see: California homeowners will pay part of FAIR Plan’s $1 billion assessment A $1 billion assessment for California’s FAIR Plan, the state-mandated insurer of last resort, is expected to ...

The California FAIR Plan on Tuesday was allowed to seek $1 billion from insurance companies that do business in the state in response to the Los Angeles wildfires — half of which could ...

After being signed into law in 2023, Colorado’s Fair Access to Insurance Requirements Plan goes into effect this spring.