California
California condo owners to get expanded FAIR plan fire insurance
More than 419,000 properties are currently insured by the FAIR plan, which has ballooned to become one of the state’s primary insurers.
By Nadia Lopez | Bloomberg
California plans to extend its last-resort insurance program to cover higher-value properties in areas prone to wildfire, adding new potential liabilities for the already stressed plan.
The FAIR plan, which provides coverag... [6583 chars]