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Climate Change and the Future of Catastrophe Insurance Programs

Climate Change and the Future of Catastrophe Insurance Programs
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State Insurance Coverage Raised for Wineries and Farms

California is raising its coverage limits for wineries and farms. The California FAIR Plan Association will raise the limits for commercial property (Division ....

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House Financial Services Subcommittee Issues Testimony From University of Georgia School of Public & International Affairs Professor

House Financial Services Subcommittee Issues Testimony From University of Georgia School of Public & International Affairs Professor
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FAIR Plan Sues Lara Over Enhanced Homeowners's Policy Order

The California FAIR Plan Association is suing Insurance Commissioner Ricardo Lara over his recent order that the plaintiff offer a homeowners policy with traditional features as coverage for water damage, theft and loss of use in addition to current dwelling fire damage. ....

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Calif. Insurance Agency Says Best Buy Fridge Causes Fires

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Calif. Insurance Agency Says Best Buy Fridge Causes Fires
Law360 (March 12, 2021, 10:22 PM EST) A California-based insurance agency has sued Best Buy Stores LP in California state court, alleging on Friday that the retail giant negligently made and sold a minifridge with a defect causing a fire that burned parts of its policyholder s house.
In the complaint, California Fair Plan Association said Best Buy is liable for its insured s losses and asked the retail behemoth to reimburse it the over $78,500 in damages it paid. It is alleging negligence, strict product liability, and breach of warranties.
The agency s policyholder, Dorothy Reik, bought a mini refrigerator from Best Buy s in-house brand Insignia and put it in. ....

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