Assembly Committee on Insurance Hosts FAIR Plan Informational Hearing
Published Friday, January 30, 2026
On Jan. 28, the Assembly Committee on Insurance held an informational hearing. Executives from the California FAIR Plan, an insurer of last resort, testified that while the policy growth has slowed over the past year, the financial risk exposure of the FAIR Plan has ballooned to an unsustainable level of more than $700 billion. FAIR Plan leaders stated that the FAIR Plan clearinghouses (the pathway back to the admitted market) does not work and suggested changes so that brokers are not tied to a policy from a contractual stance after a certain amount of time that a policy has been in the FAIR Plan.
Staff contact: Peter Ansel, pansel@cfbf.com.
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