LA Times on MSN10d
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 ...
insurancebusinessmag6d
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 ...
What happens if CA FAIR Plan goes bankrupt? Here's how it could affect policyholders
"You can bet that if the FAIR Plan goes bankrupt - and it's a good bet it will - the insurance companies will come after us ...
Gov. Wes Moore borrowed pieces of the $1.6 billion Fair Share plan for his budget. Its architects want him to go further.
Gov. Wes Moore’s proposed tax increases on wealthy Marylanders don’t go far enough, according to a growing coalition of ...
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.
What a bailout for the FAIR Plan could mean for San Diegan homeowners
With non-renewals and coverage drops, many Californians are insured against fire through the California FAIR Plan. However, the plan is on rocky ground after the LA fires.
California's FAIR Plan faces financial strain amid Los Angeles wildfire crisis
Los Angeles wildfires highlight California's insurance crisis as the FAIR Plan faces challenges with limited funds to cover ...
insurancebusinessmag12d
FAIR Plan policies surge 85% in Pacific Palisades amid wildfire threat
Statewide, the FAIR Plan reported a year-over-year increase of 49,823 residential policies in 2023, bringing the total to 324 ...
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 ...
Insurancenewsnet.com1d
FAIR Plan vexes policyholders
For months after their home burned down in the 2021 Caldor Fire, Jennifer McKim-Hibbard and her husband would wake up and call the California FAIR Plan. The FAIR Plan, California's state-created but ...