Revealed – insurers might get well as much as half of $1B California FAIR Plan evaluation

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Revealed - insurers may recover up to half of $1B California FAIR Plan assessment

In the meantime, Paul Martin, vice chairman of State Affairs on the Nationwide Affiliation of Mutual Insurance coverage Corporations, referred to as the evaluation an “unlucky however important step to satisfy pressing client wants.” He stated insurers are ready to satisfy their obligations however emphasised that the long-term well being of California’s insurance coverage market is determined by state and native authorities motion.