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President of the California FAIR Plan: California insurance market one 'major event' away from statewide financial assessment
California’s property insurer of last resort is a single disaster away from imposing an assessment on the state’s policyholders to pay the resulting insurance claims – creating uncertainties in an industry that says it is already in crisis. -
America National Insurance is the latest to leave California market over profitability concerns
American National Insurance is the latest insurer to announce it is either exiting California or limiting its property insurance business due to decreased profitability in the wake of devastating wildfires and state regulations that critics say are excessive.