California to increase commercial limits for FAIR Plan cedents

Share!

Reinsurance News - Mar 31, 2023

Insurance Commissioner Ricardo Lara and the California FAIR Plan Association have agreed to increase commercial coverage limits to $20 million for businesses unable to find coverage in the normal insurance marketplace. This adjustment more than doubles existing coverage limit options for businesses...

Read Full Article

Recommended Articles

U.S. MGA premiums grow 16% in ‘24 driven by migrating talent, AI adoption & other factors: Conning

Posted: Jul 11, 2025

The U.S. Managing General Agent (MGA) growth once again outpaced the broader property-casualty marke...

Castle Harbour Insurance launches transactional risk insurance brokerage

Posted: Jul 11, 2025

Castle Harbour Insurance, a provider of specialty insurance services, has launched a transactional r...

SageSure and Auros close $100m cat bond with strong investor support

Posted: Jul 11, 2025

SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed markets, along with it...