CBS News Investigation takes deep dive into California's FAIR Plan
CBS News Investigative Reporter Julie Watts takes a deep dive into the secrets inside California's FAIR Plan, which is ...
Insurance Insider14d
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 exhausting at $5.75bn. Despite market expectations that the 2024 treaty would be ...
Florida Politics22h
Jeff Brandes: How Florida avoided California’s insurance crisis — and why it must stay the course
If Florida needs a cautionary tale, it should look no further than California. A few years ago, Florida’s insurance market ...
Orange County Register28d
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 ...
Moonshine Ink5d
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, ...
Insurance Insider4d
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 ...
LAist7d
California lawmakers propose fixes for ‘insurance industry in shambles’
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 ...
Daily Breeze28d
FAIR Plan bailout deepens housing strains
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 ...