Calif. Court Won't Expand Last-Resort Insurer's Coverage

Law360, New York (February 3, 2014, 6:24 PM EST) -- A California appeals court held Friday that policyholders who suffered losses from wildfires could not recover more than their policy limits from the state's last-resort insurer, turning down claims in individual and class action litigation that the policies did not meet minimum standards.

The published ruling upholds a lower court's determination that the policyholders did not state a claim against the California FAIR Plan Association because the insurer had satisfied all of its requirements under the policy and state law by paying claims within weeks of...
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