Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up ...
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
The California program was created to protect urban neighborhoods. Now it’s become an incentive to build in fire-prone areas.
Even next-door neighbors face starkly contrasting fortunes and unequal recovery, as nation's home insurance crisis grows.
LA homeowners face unequal rebuilding post-wildfires as insurance crisis leaves some covered while others struggle with minimal support.- Watch Video on English Oneindia ...
More than 4,400 fire-affected homeowners in Los Angeles County have filed insurance claims with the state’s insurer of last resort — the California FAIR Plan. That’s enough to kick the plan ...
The California insurance crisis laid bare by the Los Angeles fires was fueled by "regulatory failure," economist Nancy ...