Insurance Provided By US FAIR Plans For 1998
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As noted here, Fair Access to Insurance Requirements (FAIR) Plans were created to make property insurance more readily available to those who have difficulty obtaining it because of abnormal exposure to risks over which they have no control. The plans make insurance available to properties regardless of location or exposure. All FAIR Plan policies insure against losses from fire, vandalism, riot and windstorm. Some also sell homeowners insurance, which includes liability coverage. The California FAIR Plan also covers areas prone to brush fires.
The number of Ohio FAIR Plan policies decreased 7% between 1997-1998 (based on chart on previous page). The total coverage for all lines of Ohio FAIR Plan exposure increased from $2.88 billion in 1997 to $3.75 billion in 1998. Ohio represented about 2.2% of the nation's total insurance coverage provided through FAIR plans in 1998, based on total coverage (exposure).
(Columbus Dispatch, 4/18/99)
| State | Habitational Policies |
Commercial Policies |
Exposure* (in $1,000) |
| Arkansas (Rural) | NA | NA | NA |
| California | 284,581 | 13,398 | $51,551,933 |
| Connecticut | 3,761 | 452 | 977,000 |
| Delaware | 2,215 | 60 | 129,870 |
| District of Columbia | 1,472 | 411 | 182,585 |
| Florida (Joint Underwriting Assn.) | 441,604 | 277 | 40,058,332 |
| Georgia*** | 23,066 | 769 | 1,552,263 |
| Hawaii | 545 | 1 | 36,603 |
| Illinois | 12,092 | 482 | 491,865 |
| Indiana | 2,965 | 126 | 176,618 |
| Iowa | 1,242 | 30 | 36,245 |
| Kansas | 3,711 | 336 | 104,029 |
| Kentucky | 13,210 | 1,445 | NA |
| Louisiana | 67,261 | 332 | 4,653,307 |
| Maryland | 7,388 | 246 | 531,000 |
| Massachusetts | 85,047 | 1,601 | 9,874,224 |
| Michigan | 152,805 | 5,401 | 29,498,755 |
| Minnesota | NA | NA | NA |
| Mississippi (Rural) | NA | NA | NA |
| Missouri | 12,484 | 1,252 | 407,141 |
| New Jersey | 79,320 | 4,400 | 8,543,647 |
| New Mexico | 13,247 | 549 | 503,798 |
| New York**** | 75,263 | 11,475 | 10,049,554 |
| North Carolina***** | 60,916 | 3,102 | 2,533,169 |
| Ohio** | 25,870 | 601 | 3,756,510 |
| Oregon | 6,997 | 321 | 415,455 |
| Pennsylvania | 60,497 | 3,706 | 2,472,517 |
| Rhode Island | 7,921 | 168 | 640,232 |
| Virginia | 16,251 | 955 | 738,077 |
| Washington | 256 | 101 | 48,871 |
| West Virginia | 1,142 | 64 | 30,665 |
| Wisconsin | 3,497 | 112 | NA |
| TOTALS | 1,466,626 | 52,173 | $169,994,265 |
* Exposure is the estimate of the aggregate value of all insurance in force on all lines (except liability, where applicable, and crime) for 12 months ending September through December, 1998
** Total Ohio FAIR plan policies in force noted here are not year-end figures and therefore are different than the 1998 FAIR Plan total stated here
*** Includes a wind and hail option for certain coastal communities
**** Includes wind and hail coverage for any dwelling including those in coastal communities
***** Not a PIPSO member, but the FAIR Plan submits data to PIPSO
NA = Not available
Sources: Insurance Information Institute Fact Book 2000 and Property Insurance Plans Service Office