California Commissioner OKs FAIR Plan Coverage Options for Farms and Ag Businesses January 21, 2022 California Insurance Commissioner Ricardo Lara on Friday approved the FAIR Plan to offer new commercial coverage for farm structure risks...
California DOI: Insurers Non-Renewed Fewer Homeowners in 2020, FAIR Plan Policies Increased December 20, 2021 The number of California homeowners non-renewed by insurers fell by 10%statewide in 2020 compared with the previous year, as mandatory...
California Commissioner Orders FAIR Plan to offer More Commercial Coverage November 19, 2021 California Insurance Commissioner Ricardo Lara on Friday ordered the FAIR Plan to implement his mandated increases to its decades-old commercial...
California Commissioner Orders FAIR Plan to Offer Increased Coverage September 24, 2021 California Insurance Commissioner Ricardo Lara on Friday ordered the FAIR Plan to offer a homeowners policy, in addition to its...
Judge Upholds California Insurance Commissioner’s Order to Expand FAIR Plan Coverage July 20, 2021 A Superior Court judge has upheld the California Insurance Commissioner’s authority to order the California FAIR Plan to offer broader...
California FAIR Plan Endorses Bill Expanding Coverage to Farms April 8, 2021 The California FAIR Plan Association is publicly supporting a bill to amend the California Insurance Code to allow the FAIR...
Should Upcoming California Commissioner’s Hearing on Wildfires Concern Insurers? October 16, 2020 By Don Jergler Insurance Commissioner Ricardo Lara will convene a “virtual investigatory hearing” on Monday to initiate a series of regulatory actions that...
Insurance Consumer Advice for Buyers of High-Risk Homes: Liz Weston October 6, 2020 By LIZ WESTON When house hunting, the price of homeowners insurance probably isn’t top of mind. But homes with hidden risks can make...
Six Things to Know About the Recent Impasse Between Regulators and Insurers in the Aftermath of California’s Devastating Wildfires April 17, 2020 By Saumi Shokraee California’s 2017 and 2018 catastrophic wildfire events hit state insurers historically hard, with record-breaking losses of over $25 billion.1 2...
California FAIR Plan Can Offer Only Fire Insurance, Judge Says February 21, 2020 A fund that offers only fire insurance to California residents in wildfire-prone areas can’t be required to provide coverage for...