Why now
The California FAIR Plan, the state’s insurer of final resort, noticed enrollment soar 43% between September 2024 and December 2025 and carried greater than 684,000 residential insurance policies as of this previous March – effectively previous the quantity it was constructed to deal with. After the Palisades and Eaton fires, the plan levied a $1 billion evaluation on its member insurers to maintain paying claims, and regulators let carriers cross a part of that price on to policyholders statewide, not simply these in fire-prone areas.
