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Major Rate Hikes Expected for California FAIR Plan Policyholders

Major Rate Hikes Expected for California FAIR Plan Policyholders

Rate Increase:

– Significant rate hikes expected for FAIR Plan policyholders.
Growing Policy Numbers:

– FAIR Plan policies ↑ from 268K in 2021 to >350K in December 2023 due to mainline insurers dropping coverage.

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Steve Beaupre

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