What’s at stake
FAIR Plan enrollment surged 43% between September 2024 and December 2025, following the January 2025 Los Angeles wildfires, which caused approximately $40 billion in insured losses and destroyed around 12,000 homes. As of June 2025, the FAIR Plan’s total exposure had reached $650 billion, a 289% increase since the end of fiscal year 2019. In 46 of California’s 58 counties, nonrenewals outnumbered new policies written in 2023, meaning the private homeowners insurance market contracted across most of the state.
