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Podcast: The State of California
Episode: Cali homeowners grapple with lawsuit-ridden FAIR Plan fire insurance
Description: In the Palisades fire, we saw just how critical home fire insurance has become, and how it is the insurer of last resort for a growing number of Californians, as the big insurance companies stop writing new policies and refuse to renew existing ones. The problem is, some of those insured, when they suffer a loss, find out that FAIR does not necessarily cover what they thought it does, and that’s led to a growing number of lawsuits against the plan. There was a large class action filed last summer by an Oakland attorney who specializes in these cases, on...