Browsing: FAIR Plan

Find out why your home insurance might be canceled or not renewed, your rights, and steps you can take to get coverage.

AM Best’s commentary highlights the increasing challenges in California’s property insurance sector, driven by severe wildfires and insurer pullbacks.

New legislation aims to stabilize California’s property insurance market by expanding FAIR Plan coverage, extending moratoriums, and establishing a commission to study community hardening programs.

The recent devastating fires in Los Angeles are expected to further strain California’s already beleaguered insurance market, raising questions about the state’s plan to stabilize coverage.

California’s home insurance plan of last resort faces a cash crunch due to increased wildfire claims, leading to a $1 billion assessment on private insurers.

As extreme weather events become more frequent and severe, California homeowners are losing their insurance coverage, leading to an escalating crisis.

Legislative efforts aim to stabilize the property insurance market through expanded coverage, moratorium extensions, and community hardening initiatives.

The recent Los Angeles fires will further strain California’s already stressed home insurance market. This article discusses the challenges, potential solutions, and future implications for homeowners and renters.

Following devastating Los Angeles wildfires, this article explores the future of home insurance in California with insights from former Insurance Commissioner Dave Jones, examining regulatory changes and long-term impacts.

Wildfires in Los Angeles County have exacerbated the ongoing home insurance crisis, leaving many residents underinsured or without coverage, and questioning their ability to rebuild.