By Carolyn Said, SAN FRANCISCO CHRONICLE
Harvey Rosenfield explains how California's FAIR plan is not providing adequate coverage for fire claims.
Consumer Watchdog issued a new report showing that insurance companies have been illegally denying coverage to policyholders after wildfires.
On Monday, Consumer Watchdog issued a report saying FAIR Plan-type smoke provisions ARE rolling out in the private insurance market, too.
Homeowners in a Castaic condo complex were hit with a massive rate increase for fire insurance, with rates going from roughly $40,000 a year in 2020 to nearly $450,000 in 2022.
"This bill basically says 'Show us the Money. Show us how much you're making, per gallon, per month,'" said Consumer Watchdog president Jamie Court.