California’s FAIR Plan was established in 1968 as a temporary safety net for homeowners to find coverage until a traditional insurance carrier becomes available. (Credit: Lightfield Studios/Adobe Stock)
A pair of antitrust lawsuits filed in Los Angeles County on April 18, accuse several major California insurance carriers of conspiring to force homeowners onto the state’s FAIR Plan.
The suits allege that these insurers, which include State Farm, Farmers and the other top insurers in the state, colluded to cancel existing policies in the Pacific Palisades, Malibu and Altadena areas and refused to write new policies in order to drive homeowners toward the state's insurer of last resort.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
