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The California FAIR Plan is an insurance program of last resort for homeowners in high-risk areas of the Golden State who are unable to obtain fire coverage in the private insurance market.
The Crowders were forced to enroll in FAIR Plan earlier this month. Despite paying roughly $5,000, the mayor said his home is insured for roughly $100,000 less than its value and the house's ...
That would mean that an insurer that has a 10% share of California's home insurance market would have to write 8.5% of the policies in such neighborhoods. The department released preliminary maps ...
In February, the California FAIR Plan wrote more than 15,000 new policies, its president Victoria Roach told lawmakers Wednesday. That was the most ever. And is on top of another 12,000 the state ...
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The FAIR plan has about 375,000 policyholders, and the insurer’s total risk exposure was $311 billion as of December 2023; it was $50 billion in 2018. Read more: He claims to have saved ...
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