California’s Insurance Market Faces Legal and Financial Turmoil The California insurance market is in the spotlight again. This time, it’s a legal battle that could shake the already fragile system to its core. The California Department of Insurance has filed a demurrer in Los Angeles Superior Court, asking a judge to dismiss a lawsuit brought by Consumer Watchdog. The stakes? The future of the FAIR Plan, California’s last-resort insurance option for homeowners. What’s the Lawsuit About? Consumer Watchdog’s lawsuit challenges the way the FAIR Plan recovers costs. The group claims…
Read MoreCalifornia FAIR Plan Lawsuit Sparks Debate Over Market Stability
