The California FAIR Plan Association has now successfully secured its upsized target of $400 million of multi-year wildfire reinsurance protection through ...
The FAIR Plan, California’s last-resort insurance program for homeowners needing fire coverage, is seeking approval for steep rate hikes averaging 35.8%, though some policyholders could actually see ...
The California FAIR Plan has proposed raising home insurance rates by an average of 35.8% starting next spring - a hike that, if approved in full, would be its largest in at least seven years.
In the closing days of the legislative year, California lawmakers sent Gov. Gavin Newsom a bill that is meant to toughen scrutiny of the state’s embattled fire insurer of last resort by insisting that ...
FAIR Plan now dominates coverage in some regions as insurers pull back. Ag groups say rural policies aren’t returning to the private market. Rising losses and pricing tensions complicate insurance ...
A 97-year-old Palisades resident paid over $300,000 out of pocket to move back into her home, which miraculously survived the fire. Her family says the California FAIR plan only provided $38,000 to ...