USA Today1mon
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 ...
Insurance Insider2d
Berkshire, Nephila among major Fair Plan treaty lines after renewal
Berkshire Hathaway and Nephila Capital were among the largest capacity providers to the California Fair Plan at its recent ...
Insurance Insider11d
Fair Plan stretches tower by $1bn after taking ~$4bn wildfire loss
The Fair Plan last year only had around $2.5bn of reinsurance cover part-placed across a layer attaching at $900mn and ...
Moonshine Ink2d
Understanding the Shortcomings of the California FAIR Plan
The recent Los Angeles wildfires have underscored the growing vulnerability of homeowners in the urban-wildland interface, ...
Business Insider1mon
California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.
State regulators on Tuesday approved a $1 billion bailout of California's insurer of last resort, the FAIR Plan, which covers those who can't find insurance on the private market. The bailout will ...
Orange County Register25d
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 ...