California FAIR Plan 29.1 Percent Rate Rise Is in Effect: More Than 668,600 Homeowner Policies and 724 Billion Dollars in Total Exposure
The California FAIR Plan, the state insurer of last resort, has put an approved rate increase into effect. According to California Department of Insurance figures, the plan received approval for a 29.1 percent homeowners rate increase effective October 15, 2026, down from the 35.8 percent it originally requested.
As of the end of 2025, the FAIR Plan covered more than 668,600 California homeowner policies, up 44 percent from 464,900 in the fall of 2024.
Total exposure has reached 724 billion dollars, an increase of 230 percent. The figures were carried in insurance industry reporting published around November 12, citing the Department of Insurance.
The availability and affordability of property insurance is expected to be an immediate priority for the incoming state insurance commissioner, who takes office in January.
Source: California Department of Insurance
Published by GSM · USA (original Chinese edition)
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