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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 ...
July 24, 2024 at 5:27 PM. Paul Kitagaki Jr./Sacramento Bee file. The California FAIR Plan, the state’s backup home insurance provider, is accused of selling inadequate policies for years to ...
A class-action lawsuit against the California FAIR Plan Assn. accuses the state’s insurance program of last resort of unlawfully selling policies with subpar coverage for fire and smoke damage ...
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
With home insurers scaling back coverage in the state, enrollment is surging in California’s backstop insurance plan — as is the plan's risk of sustaining losses that it can't cover. Victoria ...
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