Insurance
Jan. 29, 2026
Insurers warn FAIR Plan is no longer California's last resort
Insurance industry representatives told California lawmakers that the FAIR Plan is becoming the default option for too many homeowners, warning that low rates and loose eligibility are driving explosive growth and threatening the plan's long-term stability.
Insurers had a stark message for California lawmakers on Wednesday: the state's insurer of last resort is becoming the first choice for too many homeowners.
"I can't emphasize enough the frustration of our members that they can't compete with the FAIR Plan," Mark Sektnan, a lobbyist for the American Property Casualty Insurance Association, told members of the Assembly Insurance Committee. "You cannot depopulate the FAIR Plan when somebody can maintain a ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In