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When this occurs, owners can apply for Fair Access to Insurance Requirements (FAIR) plans, state-mandated insurance policies for homeowners and businesses who can not secure property insurance by ...
Homeowners in especially hard-to-insure areas may need to rely on their state's government-backed Fair Access to Insurance Requirements (FAIR) plan if they are unable to secure a policy in the ...
The California Fair Access to Insurance Requirements, or FAIR, Plan was established in 1968 in order to provide insurance coverage to homeowners in high-risk areas, whether that means their ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
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The proposals, which aim to move people off the FAIR plan and slow the increase in premiums, have won support from insurance industry trade groups and some consumer groups, but criticism from ...
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