California FAIR Plan – California Globe

Insurance Companies Aren’t Fleeing California – They’re Being Driven Out by a State That Refuses to Do Its Job

April 7, 2026 1:21 pmApril 7, 2026 1:21 pm

California is the world’s fourth-largest economy, a magnet for every industry that values growth, innovation, and customers. Insurance companies are no exception. They are sophisticated financial powerhouses staffed with armies of lawyers, accountants, and actuaries who know how to price...

The AI Insurance Trap: California’s Property Market Death Spiral

March 27, 2026 11:46 amMarch 27, 2026 11:46 am

If you live in California and wonder why your homeowner’s insurance bill looks like a ransom note, congratulations: you have discovered Proposition 103. The political class has a more convenient explanation—artificial intelligence is discriminating against your bungalow—but the algorithmic villain...

California FAIR Plan Payouts So Far in Palisades and Eaton Fires

February 25, 2025 2:55 amFebruary 26, 2025 6:32 am

Earlier in February, the California FAIR Plan, the last resort fire insurance through the State of California, only had $377 million in the kitty available to payout claims, the Globe was told. After our visit to Pacific Palisades February 6th,...

Asm. DeMaio to Introduce CA Insurance Reform and Rate Stabilization Initiative

February 13, 2025 12:26 pmFebruary 13, 2025 12:26 pm

The Globe has written many articles about California’s insurance crisis, and has published op-eds from insurance experts explaining how the state got into this mess, and what needs to be done. In June, former State Senator Ted Gaines reported on...

California Insurance Crisis: Homeowners Getting Insured Right Out of Their Homes

September 17, 2024 7:11 amSeptember 17, 2024 3:55 pm

In the late 1970’s Californians were being taxed out of their homes. Grandmas could not pay the escalating property tax bills on long-held family homes, and defaulted or were forced to sell. Thus, Proposition 13 was passed by voters and...

Golden State Insurance Crisis: Californians Getting Insured Right Out of Their Homes

July 18, 2024 2:55 amJuly 18, 2024 6:56 pm

California is in the throes of a self-imposed insurance crisis. And the state doesn’t seem to be addressing this crisis with any sense of urgency. The Globe recently spoke with a couple who shared that the condominium complex in which...

The Time for Action on Insurance Crisis is Now

June 4, 2024 3:15 amJune 4, 2024 1:21 pm

Californians need bold and immediate action from the Governor Gavin Newsom and Insurance Commissioner Ricardo Lara to help attract insurers back to the state, create a robust market, and give consumers more options for fire insurance coverage. Proposition 103, passed...