Best's Review Examines How FAIR Plans Are Finding Competitive Foothold

OLDWICK, N.J.--(BUSINESS WIRE)-- In its June issue, Best’s Review reports on how insurers, without the rate adequacy they need to sustain their books, are exiting high-risk areas and leaving consumers with few remaining options. Many homeowners have had to turn to the residual market because of a decline in availability of coverage, even though FAIR Plan policies may cost more than private insurance in the voluntary market and may offer less coverage. Read the article here.

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Patricia Vowinkel
Executive Editor, Best’s Review
+1 908 882 1771
[email protected]

Source: AM Best

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