Back to today’s briefing

Story perspectives

California FAIR Plan Proposes 35.8% Hike in Homeowner Rates

10/3/2025

45 11

Summary

Story summary

The California FAIR Plan seeks a 35.8% increase in homeowner rates, filed with the Department of Insurance as part of a review.
Hilary McLean says wildfire premiums mainly drive the rise.
As of June, the plan had over 590,000 policies, more than double from three years ago, and can seek up to $1 billion from insurers after recent devastating fires.

1 of 1

Story summary

The California FAIR Plan seeks a 35.8% increase in homeowner rates, filed with the Department of Insurance as part of a review.
Hilary McLean says wildfire premiums mainly drive the rise.
As of June, the plan had over 590,000 policies, more than double from three years ago, and can seek up to $1 billion from insurers after recent devastating fires.