Assembly Bill 1680, known as the Make it FAIR Act, would mandate new transparency, governance, and coverage requirements for the California FAIR Plan Association, which has rapidly expanded as private insurers pull back from wildfire-exposed regions. The FAIR Plan, created in 1986 as an insurer of last resort, has grown into one of California’s largest property insurers as major carriers (including State Farm, Allstate, Farmers, Travelers, Chubb, Nationwide, and USAA) have stopped writing new business or non-renewed existing policies in high-risk areas.
Can reforming the FAIR Plan fix California’s insurance gap?
