May 23, 2025
What You Need to Know
The California FAIR Plan introduced new public-facing disclosures and expanded the resources on its website to reflect its ongoing commitment to transparency and operational readiness. These updates give Californians — from homeowners to regulators — easier access to key information on the FAIR Plan’s financial health, governance, claims response and overall performance.
Transparency in Action: What’s Now Publicly Available
PLAN OF OPERATION
PLAN OF OPERATION- Details how the FAIR Plan operates – including governance structure, membership requirements, coverage and administrative procedures, as approved by the California Department of Insurance
GOVERNANCE
- Committee membership
FINANCIAL REPORTS
FINANCIAL REPORTS- Certified and audited income statements and balance sheets
- Distribution and assessment history
- Reinsurance tower and claims pay tower
PRODUCT FORMS
PRODUCT FORMS- Dwelling and commercial coverage forms
CALIFORNIA INSURANCE CODES
CALIFORNIA INSURANCE CODES- Statutory provisions that establish the legal framework for the FAIR Plan – outlining its responsibilities, governance and role as California’s insurer of last resort
These can be found on the FAIR Plan’s website.
Why This Matters
The FAIR Plan has expanded its website as part of its ongoing efforts to promote transparency and support continued operational growth. These updates reflect the FAIR Plan’s mission and ongoing commitment to policyholders by strengthening trust and transparency across insurers, customers, regulators and the public.
As more California homeowners rely on the FAIR Plan for coverage, the organization is rapidly scaling to meet demand. By March 2025, the FAIR Plan recorded 573,739 policies in force (PIF), marking a 23% increase since September 2024 and a 139% increase since September 2021. To manage this rising volume, the FAIR Plan has onboarded more than 250 new staff members, including customer service representatives, desk examiners and field examiners.
Continuing to Deliver for Policyholders
As of May 9, the FAIR Plan has received more than 5,000 claims caused by the Palisades and Eaton fires, with almost half reporting total losses.
The FAIR Plan has paid $2.7 billion in claims – including smoke-related claims – to impacted policyholders to help families and businesses recover quickly.
###
About the FAIR Plan
The FAIR Plan is a private association comprised of all insurers licensed to write property insurance in California and is funded primarily through the policies it sells to customers. The FAIR Plan is not a state agency and is not funded by the state or other public agencies.
The FAIR Plan offers basic property insurance for all Californians who cannot access coverage in the voluntary insurance marketplace. As an insurer of “last resort,” the FAIR Plan was established by statute to provide a temporary safety net for consumers who need fire insurance until coverage through the voluntary market is available. For more information, visit www.CFPnet.com.
For media questions, contact:
The above information can be attributed to the California FAIR Plan.