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California Reforms FAIR Plan to Boost Homeowner Protection

10/10/2025

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Summary

Story summary

California Governor Gavin Newsom signs bills reforming the Fair Access to Insurance Requirements (FAIR) Plan, insurer of last resort.
The reforms improve claim payouts, oversight, and coverage for manufactured homes.
Nearly 600,000 homeowners rely on the FAIR Plan, which faced insolvency after wildfires caused $4 billion in losses.
Legislation lets the FAIR Plan access state-backed loans and spread out payments.

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Story summary

California Governor Gavin Newsom signs bills reforming the Fair Access to Insurance Requirements (FAIR) Plan, insurer of last resort.
The reforms improve claim payouts, oversight, and coverage for manufactured homes.
Nearly 600,000 homeowners rely on the FAIR Plan, which faced insolvency after wildfires caused $4 billion in losses.
Legislation lets the FAIR Plan access state-backed loans and spread out payments.