Why Californians Are Losing Their Home Insurance | Rex Frazier

“Too many people are going to the FAIR Plan. Nobody should want to be in the FAIR Plan; it’s meant to be a temporary market of last resort. It’s an unvirtuous cycle. Under the law, any deficiency that the FAIR Plan has, and the amount of money it has to pay claims, it just turns around to the admitted insurance companies. That has huge cascading impacts on the entire insurance industry.”