Key Statistics & Data
Key Statistics & Data
Increasing risks due to climate-driven wildfires and a lack of adequate insurance rates have resulted in fewer coverage options available to consumers in the voluntary market. As more insurers have declined to provide new coverage or renew existing policies, more Californians have turned to the FAIR Plan for the basic property coverage they need.
The FAIR Plan updates the following information on a quarterly basis. Statistics and data represent the latest available information through June 2024. Please note June 2024 totals do not reflect the entire fiscal year, which covers October through September.
The FAIR Plan Faces Increased Exposure
As of June 2024, the FAIR Plan’s total exposure is $393 billion, reflecting a 38.3% increase since September 2023 (fiscal year-end).
Total Dwelling & Commercial Policies in Force (PIF)
Since 2019, Dwelling policies have increased by 164% and Commercial policies have increased by 140%. To date, the total number of FAIR Plan policies has increased 27% since September 2023 (fiscal year-end).
The FAIR Plan’s Highest Wildfire Exposures
Total Dwelling & Commercial Written Premium
Since 2021, total written premium has more than doubled through June 2024 (partial fiscal year).
FAIR Plan New Business
The number of residential and commercial new policies written by the FAIR Plan has shown a significant increase from 65,500 in 2022 to 89,995 in 2023, with 134,576 already recorded in the first three quarters of FY 2024.
