The state’s insurer of last resort is meant for high fire risk properties but homeowners in areas unlikely to burn are now being forced into the plan.
Add Yahoo as a preferred source to see more of our stories on Google. Altadena resident Seriina Covarrubias visits her house in Altadena on Feb. 28. Her garage was destroyed and her house survived but ...
The California FAIR Plan has proposed raising home insurance rates by an average of 35.8% starting next spring - a hike that, if approved in full, would be its largest in at least seven years.
In the closing days of the legislative year, California lawmakers sent Gov. Gavin Newsom a bill that is meant to toughen scrutiny of the state’s embattled fire insurer of last resort by insisting that ...
FAIR Plan now dominates coverage in some regions as insurers pull back. Ag groups say rural policies aren’t returning to the private market. Rising losses and pricing tensions complicate insurance ...
The FAIR Plan, California’s last-resort insurance program for homeowners needing fire coverage, is seeking approval for steep rate hikes averaging 35.8%, though some policyholders could actually see ...
The California FAIR Plan, the state's backup insurance provider, is asking to raise its coverage rates by an average of 35.8%. That's according to a recent filing with the Department of Insurance by ...
Altadena resident Seriina Covarrubias visits her house in Altadena on Feb. 28. Her garage was destroyed and her house survived but had smoke damage. (Myung J. Chun / Los Angeles Times) Despite a court ...
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