California FAIR Plan News

California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential losses, up from $50 billion six years ago, California …

Sedgwick Acquires Nationwide Appraisals Sedgwick has acquired Nationwide Appraisals, a national auto damage appraiser based inElgin, Illinois. Sedgwick said the Nationwide Appraisals purchase brings a nationwide network of claims professionals that will “optimize the appraiser dispatch process.” Nationwide uses technology …