frank_peters/shutterstock.com_2311877229

6 March 2025Insurance

California okays FAIR Plan to borrow for quick claims settlement

California lawmakers gave a quick show of support for a plan to give debt-drawing capacity to the state’s residual market insurer, the California FAIR Plan, framing the move as a way to keep carriers from kicking the costs quickly onto consumers.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

US GenAI lawsuits surge nearly 1000% from 2012 to 2025: Gallagher Re

25 March 2026 A distinct protection gap exists between traditional coverage and AI risk.

Sustained underwriting pressure a headwind for UK non-life insurers: AM Best

25 March 2026 Rate softening and weak demand set to test margins into 2026.

Three quarters of UK insurers use generative AI: Gallagher Bassett

25 March 2026 Document generation and management, claims processing and triage dominate.

More articles

US GenAI lawsuits surge nearly 1000% from 2012 to 2025: Gallagher Re

MS Amlin filters market noise, doubles down on reinsurance strategy

Swiss Re to tap reserves, Scor and Prudential eye capital upside: UBS

Sustained underwriting pressure a headwind for UK non-life insurers: AM Best

Three quarters of UK insurers use generative AI: Gallagher Bassett

Reinsurance’s liquidity problem is structural: Howden

Mercer boosts private markets capabilities with specialist buy

Canopius lines up Scor, ex-Marsh duo for global claims leadership

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze