CNN29 天
California’s insurer for people without private coverage needs $1 billion more for LA ...
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 ...
USA Today28 天
Critical California insurer calls for $1 billion infusion to cover LA wildfire claims
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 ...
Yahoo29 天
FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for ...
The fire ravaged Palisades Elementary Charter School in Pacific Palisades on Jan. 8. (Genaro Molina / Los Angeles Times) ...
The Washington Post29 天
California’s insurer of last resort runs out of money to pay L.A. fire claims
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 ...
Orange County Register24 天
FAIR Plan bailout deepens housing strains
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 ...
AOL1 个月
FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for ...
The California FAIR Plan received approval Tuesday from the state's insurance commissioner to assess its member companies $1 billion to help pay its Los Angeles fire claims — with consumers ...
The Chaffee County Times5 天
FAIR plan to provide ‘last resort’ property insurance
After being signed into law in 2023, Colorado’s Fair Access to Insurance Requirements Plan goes into effect this spring.