- Mandatory insurance premiums sharply increased in California on July 1, 2026, affecting the FAIR Plan.
- High wildfire risk is driving up premiums in the Homeowners Insurance Market.
The California Department of Insurance approved the steepest rate increase in years for the California FAIR Plan.
1 report, 1 independent
Updated Aug 17
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What happened
The California Department of Insurance approved the steepest rate increase in years for the California FAIR Plan.
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High wildfire risk is driving up premiums in the Homeowners Insurance Market.Also in this story
- The commercial insurance market is experiencing a sharp rise in exposure due to high risk, leading to voluntary commitments to increase market share.
- Wildfires are exacerbating insurance market problems, with Solano County having lower premiums than Marin and Napa.
- Rising insurance premiums due to wildfire risk in specific areas of Colorado, leading to mandates for insurers to share risk scores.