CBS News Investigative Reporter Julie Watts takes a deep dive into the secrets inside California's FAIR Plan, which is ...
The Fair Plan last year only had around $2.5bn of reinsurance cover part-placed across a layer attaching at $900mn and exhausting at $5.75bn. Despite market expectations that the 2024 treaty would be ...
If Florida needs a cautionary tale, it should look no further than California. A few years ago, Florida’s insurance market ...
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 ...
The recent Los Angeles wildfires have underscored the growing vulnerability of homeowners in the urban-wildland interface, ...
Berkshire Hathaway and Nephila Capital were among the largest capacity providers to the California Fair Plan at its recent ...
The fire-insurance provider of last resort One measure would put the state’s top two lawmakers on the governing committee of the FAIR Plan, the association of insurance companies that’s ...
A $1 billion assessment announced Tuesday for California’s FAIR Plan, the state-mandated insurer of last resort, is expected to drive up premiums as companies will likely pass some of the costs ...