The FAIR Plan, California’s last-resort insurance program for homeowners needing fire coverage, is seeking approval for steep rate hikes averaging 35.8%, though some policyholders could actually see ...
In recent years, hundreds of thousands of Californians have purchased home insurance from a state-managed "last resort" insurance pool that has grown rapidly as private insurance companies have fled ...
GRAND JUNCTION, Colo. (KJCT) - For homeowners in Colorado, it can be difficult to find an insurance company that will cover your home against the threat of wildfires on the Western Slope. In 2023, the ...
The reason the FAIR Plan is in dire straits is because it has so many policyholders in affected areas, including a ...
That's the scenario lawmakers tried to get ahead of when they created the FAIR Plan, a state-backed insurance option of last resort for homeowners rejected by traditional carriers. "I don't think ...
Homeowners insurance premiums in Colorado jumped nearly 58% from 2018 to 2023, fueled by inflation, catastrophic losses, and a steady drumbeat of wildfire and hail damage, according to research from ...
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