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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 FAIR Plan is supposed to be the insurer of last resort. So, Hays decided to pay for the property policy offered by Covington Specialty Insurance Company, the only one his broker could find.
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Since 2019, the California FAIR Plan has seen a 164% increase in policies, with a 27% jump just this past year, an indication of how many residents across the state are unable to access private ...
Authored by State Senator Hannah-Beth Jackson, the California Fair Pay Act (also known as SB358) is an amendment to the existing California labor laws that protects employees who want to discuss about their co-workers' wages as well as eliminating loopholes that allowed employers to justify inequalities in pay distribution between opposite sexes.
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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