More and more people are turning to the FAIR Plan, the last resort for residents who can’t find traditional insurance, because the biggest insurance providers in the state have either paused new policies or left the state altogether.
While state regulators craft new regulations and consult with the insurance industry, many Californians are paying extra-high premiums — or going without insurance entirely.
In September, Gov. Gavin Newsom issued an executive order for “prompt regulatory action” to address the plight of California homeowners facing availability and affordability problems in home and fire insurance.
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More and more people are turning to the FAIR Plan, the last resort for residents who can’t find traditional insurance, because the biggest insurance providers in the state have either paused new policies or left the state altogether.