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2min chapter
Bailing out the FAIR plan, broligarchs beef, and CFPB RIP?
The Indicator from Planet Money
California's FAIR Plan: Financial Strain Amidst Wildfire Claims
This chapter examines the financial challenges faced by California's FAIR plan, which is requesting a $1 billion contribution from insurers to address increasing wildfire claims. It highlights the impact of tightened coverage policies and the regulatory obligations that require financial support for the FAIR plan.
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