Browsing: FAIR Plan

California’s property insurance market faces unprecedented challenges due to escalating wildfire risks, insurer withdrawals, and systemic shortcomings in the state’s safety net, the California FAIR Plan.

Two lawsuits filed in Los Angeles County Superior Court accuse dozens of California home insurers of dropping policyholders and forcing them onto the FAIR Plan, the state’s insurer of last resort.

California’s insurance commissioner ordered the FAIR Plan to expand coverage options for homeowners, but the program is resisting the changes.

The American Property Casualty Insurance Association defends insurers against class action lawsuits alleging coordinated reduction of homeowners insurance in California’s wildfire-prone areas

In response to the recent California wildfires and ongoing insurance crisis, lawmakers are introducing various bills to address issues with the FAIR Plan and insurance premiums

Two law firms sue California’s largest insurers, alleging they colluded to drop customers and stop writing policies, pushing homeowners to the FAIR Plan.

Colorado introduces the FAIR Plan, a state-backed insurance program for homeowners unable to secure commercial coverage due to increasing wildfire and hailstorm risks.

The Massachusetts Property Insurance Underwriting Association, known as the FAIR Plan, has introduced a new policy change allowing homeowners to fully insure homes worth over $1 million through excess and surplus market coverage.

Consumer Watchdog’s lawsuit against California Insurance Commissioner Ricardo Lara has raised concerns about the stability of the state’s homeowner insurance market, potentially exacerbating an existing crisis in fire-prone regions.

Consumer advocacy group files lawsuit against California Department of Insurance and Commissioner Ricardo Lara to block potential hundreds of millions in homeowners insurance surcharges