California Insurance Commissioner Harry W. Low issued an order expanding the geographic areas eligible for coverage through California’s Fair Access to Insurance Requirements (FAIR) Plan. The Order expands the FAIR Plan to real or personal property located at a specific address in instances where the person with an insurable interest in the property has, despite a diligent effort, been unable to obtain insurance in the admitted or surplus lines market. The FAIR Plan was established in 1968 after brush fires and riots of the 1960s created a difficult insurance market. In 1999, FAIR Plan-designated areas were restricted primarily to urban and certain brush hazard regions in Southern California. However, consumer experience has since illustrated the need for re-evaluation and expansion of FAIR Plan availability.
Topics California
Was this article valuable?
Here are more articles you may enjoy.
House Collapses Into Flood-Swollen River Near Minnesota Dam Amid Storms 
US P/C Insurers Post Best Q1 Underwriting Result In 17 Years 
Zurich to Buy AIG’s Travel Insurance Business for $600 Million 
Microsoft Tells Texas Agencies They Were Exposed in Russian Hack From This Issue
