A new law that could force homeowners across California to cover billions of dollars of insurer losses caused by a catastrophic wildfire is generating pushback from a leading consumer group, which has ...
The California FAIR Plan is an insurance program of last resort for homeowners in high-risk areas of the Golden State who are unable to obtain fire coverage in the private insurance market. Contrary ...
WE GET A LOT OF QUESTIONS INTO THE NEWSROOM ABOUT INSURANCE IN HIGH FIRE RISK AREAS. GULSTAN: ONE OPTION IS CALLED THE CALIFORNIA FAIR PLAN. REPORTER: WE HAVE A BREAKDOWN OF THIS INSURANCE PLAN ON THE ...
Consumer advocates are suing to halt a massive homeowner-funded bailout of California’s last-resort insurance program after it reported it would run out of money to pay claims arising from the ...
Press releases are posted on Independent.com as a free community service. LOS ANGELES — Insurance Commissioner Ricardo Lara today announced a breakthrough agreement to modernize the California FAIR ...
Getting your Trinity Audio player ready... Colorado will launch the state’s new, last-resort homeowners insurance program — known as the FAIR Plan — on Thursday even as this summer’s weather ...
These houses are in areas increasingly prone to natural disasters like wildfires or hurricanes. Private insurance wouldn't cover them, so they are covered under insurance plans of last resort, known ...
New legislation filed Monday would require the California FAIR Plan to provide insurance for more than just fires - a potential major shift for the state's insurer of last resort. Over the course of ...