Insurer insolvencies and California withdrawals could follow wildfires – report

The California FAIR Plan has a significant presence in areas affected by wildfires. Pacific Palisades, one of the regions impacted by recent fires, accounted for $5.89 billion of the plan’s exposure. Statewide, the FAIR Plan reported a 61.3% increase in exposure for the year ending September 2024, reaching $458 billion. During the same period, the number of dwelling policies rose 123% to 248,902.

Read More>>