The California FAIR Plan Association is offering increased commercial coverage of up to $20 million per location. Prior to the adjustment, the maximum limits for commercial coverage were $8.4 million per location. Business owners policy property coverage limits will also …
California Insurance Commissioner Ricardo Lara and the California FAIR Plan Association agreed to more than double its existing commercial coverage limits to $20 million for businesses unable to find coverage in the normal insurance marketplace. Lara and the FAIR Plan …
California Insurance Commissioner Ricardo Lara approved increases in the limits of coverage to the California FAIR Plan Association’s commercial programs offered to businesses, no later than May 1. Lara’s action allows businesses unable to secure insurance coverage in the normal …
The California FAIR Plan Association announced on Wednesday it has submitted a farm product rate filing to the California Department of Insurance ahead of a 90-day deadline. The deadline to make the filing was imposed in Senate Bill 11. The …
Premium volume from homeowners polices written by California’s surplus lines industry, although still small, has doubled over the past four years, seemingly pushed by an increase in wildfires in the state. Some experts believe that the surplus lines share of …
The insurers behind California’s Fair Plan, the insurance market of last resort for homeowners, think it’s a bad idea to broaden the coverages available from the Fair Plan beyond basic dwelling fire insurance, an expansion being ordered by the state’s …
California’s property insurer of last resort will soon be offering more homeowners coverage options as directed by the state’s insurance commissioner in response to the pressure put on the property insurance market by wildfire risks. California Commissioner Ricardo Lara has …
The California Department of Insurance and the California FAIR Plan Association squared off in conflicting press releases on Thursday over a court decision that awarded a homeowner higher repair costs following a claim. The California Court of Appeal, First District …
