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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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AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Patricia Vowinkel
Executive Editor, Best’s Review
+1 908 882 1771
patricia.vowinkel@ambest.com

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Contacts

Patricia Vowinkel
Executive Editor, Best’s Review
+1 908 882 1771
patricia.vowinkel@ambest.com

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