Product Update

State Beach/Wind Plans and State FAIR Plans Discussed in Commercial Property Insurance

This Commercial Property Insurance release provides an updated overview of the state beach/wind plans. These plans, which are also informally known as "wind pools," are designed to make essential property insurance available to owners of property located in areas subject to hurricane damage.

Also included in this release is an updated overview of the "Fair Access to Insurance Requirements" (FAIR) plans, which are operating in 31 jurisdictions. They serve to make basic property insurance available to property owners who are otherwise unable to obtain insurance because of the location of their property or for any other reason.