“While each fire is unique, for context, actual claims following a fire have historically represented, on average, about 31% of the total exposure in that area,” the FAIR Plan noted. The update clarified that “exposure” refers to the total amount of insurance for properties, not the actual number of claims or anticipated claim payments.
Revealed – California FAIR plan faces $4.8 billion exposure from LA fires
- Niki Wilson
Recent Company News
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