Opinion
FAIR plan: CA’s insurance rates haven’t kept pace with risks, costs
Homes destroyed during the Thomas fire in Ventura, 2018. (Photo: Joseph Sohm, via Shutterstock)OPINION: Increasingly, California residents have been left with no choice but to accept the California FAIR Plan, the insurer of last resort, and the typically higher rates that come with it. The FAIR Plan provides basic fire insurance coverage when traditional insurance is not available, often for properties that other insurers decline to cover because they are considered high-risk.