Overview
- The Department of Insurance said Monday that the FAIR Plan added 16,000 policies in the first quarter of 2026, a pace far below the 35,000 to 50,000 per quarter seen in 2024 and early 2025.
- The FAIR Plan, the state’s last-resort insurer, reported adding 38,000 policies from September through March and now insures $750 billion in property value, more than triple its late-2022 exposure.
- Insurance Commissioner Ricardo Lara is advancing a rule that would let companies use predictive wildfire models for rates only if they also agree to write policies in wildfire-affected areas.
- A Sept. 3 bulletin explains the FAIR Plan can levy special assessments on member insurers if solvency is threatened, and those companies may seek approval to add temporary fees to their own policyholders’ bills.
- Private carriers continue to pull back, with Liberty Mutual not renewing 17,000 dwelling fire policies and American National seeking to drop all homeowners policies, which can force more residents onto the FAIR Plan.