The plan has about $200 million “in surplus,” Roach said. It doesn’t make its finances public, nor is it subject to the same kinds of reserve requirements that apply to private insurers. “We’re one bad fire season away from complete insolvency — it feels like ...
CALIFORNIA MAINTAINS A LIST OF APPROVED SURPLUS LINE INSURERS. ASK YOUR AGENT OR BROKER IF THE INSURER IS ON THAT LIST, OR VIEW THAT LIST AT THE INTERNET WEB SITE OF THE CALIFORNIA DEPARTMENT OF INSURANCE: www.insurance.ca.gov. IF YOU, AS THE APPLICANT, REQUIRED THAT THE INSURANCE POLICY ...