A class action lawsuit was filed in the Alameda County Superior Court last week on behalf of four Californians — representing more than 365,000 policyholders — against the state's FAIR Plan Association.
The lawsuit claims the state-regulated insurer of last resort sold policies that illegally fail to properly cover fire damage. It also accuses the state's Department of Insurance and Insurance Commissioner Richard Lara of not enforcing the laws that are supposed to set standards for these policies.
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