What is the FAIR Plan and will it be fair to wildfire victims?
Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
Vox7d
The LA fires have a shocking price tag — and we’ll all have to pick up the tab
In 2020, the FAIR Plan had $153 billion in exposure, the value of potential payouts across its policyholders — basically the worst-case scenario for how much an insurance company would have to ...
Newsday4d
California's insurance crisis leaves neighbors facing unequal recovery after wildfires
Hamlin’s home was privately covered by Mercury Insurance, but Wilson was forced onto the California Fair Access to Insurance Requirements Plan — the state’s bare-bones insurance program ...
Los Angeles Daily News6d
What is the FAIR Plan and will it be fair to wildfire victims?
These days, the FAIR (Fair Access to Insurance Requirements) Plan is becoming more of a first option than a last resort. The reliance on the program today stems from the state’s private ...