Californians Cite Problems with FAIR Plan as More Forced into Last Resort for Fire Insurance ...Middle East

Times of San Diego - News
Californians Cite Problems with FAIR Plan as More Forced into Last Resort for Fire Insurance
Bill King stands outside his home in Arrowbear Lake, a community near Running Springs, on Jan. 15. Photo by Julie A. Hotz for CalMatters The fire-insurance premium for Bill King’s home has risen 145% since 2017 — from $399 to $979 — under the California FAIR Plan, the state’s last option for homeowners seeking fire insurance.  Add that to the increase in his auto-insurance premium, and King, who lives in Running Springs in the San Bernardino Mountains, is worried. “What do I do?” asked King, a retiree who will turn 70 years old this summer. “Do I move out of California? At some point I’m going to have to look at things… Will I be able to face future increases depending on how lo

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