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?

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

Sixth Street to buy Monument Re, Hannover Re stays onboard

Reinsurer earnings to peak this year, cat pricing to bottom out in 2028

Ratings agencies suspend data feeds to NAIC after massive cybersecurity breach

Florida Citizens renewal sends a warning to property-cat reinsurers

Soft market opens buyer’s window for marine insurance, but act fast: BMS

Listing confidential: Hub files for US IPO

Record capital, collapsing property rates dominate mid-year renewals: Guy Carpenter

Markel strengthens claims value proposition with senior Chubb adjuster

California okays FAIR Plan to borrow for quick claims settlement

More on this story

Editor's picks

Editor's picks

More articles