A new AM Best commentary on the latest winter storm to hit Southern California drives home the growing risk and the financial volatility that weather-related losses pose for the insurance industry. According to the commentary, titled “Changing Weather Patterns, Climate …
The California FAIR Plan is now offering increased coverage limits for commercial and business properties. The higher limits are being made available in response to customer requests for FAIR Plan coverage of higher value commercial properties. California Insurance Commissioner Ricardo …
Victoria Roach has been appointed by the California FAIR Plan’s executive committee to serve as the association’s next president. Roach will assume the new role on March 1, succeeding Anneliese Jivan, was president of the FAIR Plan since 2009 and …
The California FAIR Plan on Tuesday began offering basic property insurance for farmers unable to obtain coverage from traditional insurance carriers. The new coverage fills a gap in California’s insurance marketplace as more farmers experienced policy nonrenewals due to increasing …
