EconomicFiscal Policy Action2026-05-21🇺🇸
California FAIR Plan announces major rate hike, up 29.1% by late 2026
source: California Department of Insurance -> target: California FAIR Plan policyholders
On 2026-05-21, the California Department of Insurance said average California FAIR Plan rates will increase by 29% effective October 15, down from the 36% requested. The update affects homeowners in fire-prone areas covered by the state-backed insurer of last resort.
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Location
CaliforniaCaliforniaNorth AmericaUnited StatesNorth America36.778, -119.418
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