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L.A. consumer group calls FAIR Plan insurance reforms an industry bailout

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इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

Proposed reforms of the California Fair Plan, the state's home insurer of last resort, ignited an immediate reaction with claims they amounted to an insurance industry bailout.

A new law that could force homeowners across California to cover billions of dollars of insurer losses caused by a catastrophic wildfire is generating pushback from a leading consumer group, which has called it an industry bailout.

Lara said Friday in a release announcing the agreement that 'modernizing the FAIR Plan is a crucial step in our strategy to stabilize California's insurance market.' The FAIR Plan's financial risk is overwhelmingly due to its residential policies, which account for about 95% of its $393 billion in total loss exposure, according to the insurer.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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