What is the FAIR Plan and will it be fair to wildfire victims?
Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
Opinion
The FAIR Plan Was Meant to Insure Against Racism, Not Wildfires
The California program was created to protect urban neighborhoods. Now it’s become an incentive to build in fire-prone areas.
Los Angeles Daily News5 天
What is the FAIR Plan and will it be fair to wildfire victims?
These days, the FAIR (Fair Access to Insurance Requirements) Plan is becoming more of a first option than a last resort. The reliance on the program today stems from the state’s private ...
LA wildfires highlight nation's insurance crisis as homeowners try to recover lost homes
The nation’s growing home insurance crisis is in the spotlight as California homeowners begin the long road to rebuilding ...
Los Angeles Daily News9 天
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR ...
Wildfire victims file more than 4,400 claims with California's FAIR Plan, home insurer of ...
That's enough to kick the plan's strained finances further into crisis mode, increasing the chances that homeowners statewide will see insurance costs rise.
Vox6 天
The LA fires have a shocking price tag — and we’ll all have to pick up the tab
In 2020, the FAIR Plan had $153 billion in exposure, the value of potential payouts across its policyholders — basically the worst-case scenario for how much an insurance company would have to ...