Amid the growth in enrollment, the FAIR Plan has submitted a proposal to increase home insurance rates by an average of 35.8%, which would be its largest rate hike in at least seven years. If approved, the increase would mark the FAIR Plan’s first rate application using wildfire catastrophe models and reinsurance costs.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.