California FAIR Plan to Add Commercial Policies Starting July

The California FAIR Plan Association, a consortium of all insurers licensed to provide property insurance in the state, will expand its clearinghouse to include commercial policies such as those for farms and condominiums, beginning July 1. This expansion follows the enactment of Senate Bill 505 (Rubio) in 2023, reflecting a concerted effort to reduce dependence on the FAIR Plan and stabilize California’s property insurance market. Read more