California Insurance Commissioner Ricardo Lara, said in a release: "While we still have a way to go until we have an insurance market that works for all Californians, I remain focused on increasing home safety measures to protect homes and promote market competition while strengthening the FAIR Plan, California's insurance safety net, so it better addresses consumers' and businesses' coverage needs." (Credit: Phil Pacheco/Bloomberg)
(Bloomberg) — The number of California residents forced to turn to the state's "insurer of last resort" climbed last year.
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