California FAIR plan News
California’s FAIR Plan Handling of Smoke Damage Claim Ruled Unlawful
A California judge has ruled the state's bare-bones home insurance program's handling of smoke damage claims is unlawful, a decision that could have wide-ranging implications as insurers increasingly ...
Homes With Toxic Smoke Damage Deepen Insurance Nightmare in LA
Months after fire tore through Los Angeles' Pacific Palisades neighborhood, homeowners are struggling to get reimbursed — not for houses reduced to rubble, but for the damage of smoke and toxins in ...
California vs. Florida: A Tale of Two Insurance Markets
Until recently, homeowners insurers weren't allowed to use catastrophe models to justify needed rate increases, or to include the cost of reinsurance in their rate indications in the state of ...
Viewpoint: California’s Property Insurance Crisis and the Path to Reform
California's property insurance market remains in turmoil, exacerbated by escalating wildfire risks, insurer withdrawals and systemic shortcomings in the state's safety net—the California FAIR ...
Group Sues California Department of Insurance Over FAIR Plan Surcharges
A consumer advocacy group has sued the California Department of Insurance and Commissioner Ricardo Lara to block hundreds of millions of dollars in surcharges that could soon appear on California ...
The 2025 Palisades and Eaton Fires: All the CM News So Far (Slideshow)
With conditions and loss estimates changing since wildfires began burning in California in early January, there has been a lot of content for insurance industry leaders to absorb. To help readers to ...
California Commissioner Announces FAIR Plan Modernization Deal
California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high-value commercial coverage option with limits up to $20 ...
California Insurer of Last Resort Is Unprepared for Big Disaster
California's property insurer of last resort told lawmakers that it's financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential ...
California FAIR Plan Increases Commercial Coverage Limits to $20M Per Location
The California FAIR Plan Association is offering increased commercial coverage of up to $20 million per location.
Prior to the ...