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The FAIR Plan has already received more than 3,600 claims from fire-impacted policyholders. (Credit: Amanda Bronstad/ALM)The LA wildfires are putting California’s FAIR Plan to the test. Whether it can pass is still up in the air.
The California FAIR Plan is the state’s insurer of last resort for homeowners who live in hard-to-insure areas, but it has increasingly become residents’ only insurance option as traditional insurers pull back in the state.
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