“While each fire is unique, for context, actual claims following a fire have historically represented, on average, about 31% of the total exposure in that area,” the FAIR Plan noted. The update clarified that “exposure” refers to the total amount of insurance for properties, not the actual number of claims or anticipated claim payments.
Revealed – California FAIR plan faces $4.8 billion exposure from LA fires
- Niki Wilson
Recent Company News
- E-Claim.com Successful Second Round in the Edward Lowe Foundation’s SIG Program
- E-Claim.com Welcomes Lozano Insurance Adjusters: A New Era of Claims Management with ClickClaims
- ClickClaims Recognized as One of the Top Insurtech Companies – Global 5-Star Technology and Software Providers for 2023 by Insurance Business America
- Heartwarming Acts of Kindness Multiply: E-Claim Employee Efforts Result in $9,000 for Smile Train!
- 2021 Louisiana Growth Leaders: Spotlight on E-Claim | Louisiana Economic Development
Recent Blog Posts
- Florida Carriers: Are You Meeting SB-76 Reporting Requirements?
- Thomas Brown, Founder & CEO of E-Claim.com Featured LIVE on Tea Time with Tech Founders Podcast
- Maximizing Every Minute: The Real Game-Changer in Life and Work
- ClickClaims and the Future of AI
- Fighting Fraud from the AIr and in the Courts
Recent Industry News
- Verisk: Claims Volume Rose 36% in 2024, Largely on Catastrophe Claims
- Lemonade Adopts Zesty AI to Optimize CAT Underwriting
- North Sea Ship Collision Could Cost Insurers up to $100M, Hitting Marine Line Profits
- Canadian Auto Parts Stocks Thrown Into a Tailspin by Tariff Woes
- Australia Regulator Sues FIIG Securities for Cybersecurity Failures