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Tag: assessment

California FAIR Plan Exec: Carriers ‘One Event Away’ from Assessment as Exposure Soars

Newsom to allow higher insurance rates

California FAIR Plan has $336 billion of property exposure on its books, backed up by just $200 million of capital and $700 million of cash on hand, according to President Victoria Roach.

Published March 25, 2024
Categorized as Show on Homepage Tagged assessment, CA property insurance crisis, California FAIR plan, property exposure
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