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California FAIR Plan insurance explained. The California Fair Access to Insurance Requirements, or FAIR, Plan was established in 1968 in order to provide insurance coverage to homeowners in high ...
A highly anticipated piece of California’s plan to entice home insurers back into the state received support from representatives of major companies during a public hearing Wednesday. Insurers ...
Feb. 29, 2024: American National announced it will stop offering home insurance in nine states, California among them. Nonrenewal notices are expected to be sent out in August, and it is estimated ...
The California Department of Insurance ( CDI ), established in 1868, is the agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in California. The CDI has authority over how the insurance industry conducts business within ...
Lara said Friday in a release announcing the agreement that "modernizing the FAIR Plan is a crucial step in our strategy to stabilize California's insurance market." The FAIR Plan's financial risk ...
Here's what's going on — and some steps homeowners can take now to lessen the blow. Read more:State Farm won’t renew 72,000 insurance policies in California, worsening the state's insurance crisis
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