California E&S Insurance

Yes, I am too. From the article: > Forking over billions of dollars could wipe out the plan’s $377 million in reserves, as well as $5.78 billion worth of reinsurance the FAIR Plan announced Friday it had. The reinsurance requires the plan to pay the first $900 million in claims and has other limitations. > To avoid insolvency, the plan could be forced to lean on its member carriers. And they, in turn, might levy surcharges on their own policyholders to pay for any assessments.

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