Saturday, February 08, 2025

MUST READ!!----Fake insurance courtesy of Newsom’s California

Since 2018, under Governor Gavin Newsom, FAIR plan policyholders have grown from 150,000 to more than 450,000 as commercial insurers have left California due to premium adequacy issues. - Philip A. Fitzpatrick 
The California FAIR Plan was organized by the state in 1968 as the insurer of last resort for fire insurance when a relatively small number of high-risk homeowners were unable to obtain policies from commercial insurance companies following a series of wildfires. 
Since 2018, under Governor Gavin Newsom, FAIR plan policyholders have grown from 150,000 to more than 450,000 as commercial insurers have left California due to premium adequacy issues.
While organized by the state, the FAIR Plan has no explicit financial support or guaranty from it...

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