The FAIR Plan is Out of Money

This unsustainable insurance “plan” is going to collapse the California economy.

The FAIR plan is requesting a billion dollar assessment to cover losses from the Palisades and Eaton Fire. What does this mean? The FAIR plan is broke, and is legally required to cover the claims it receives. When it runs out of cash, it has to assess that value to every homeowners policy to cover the deficit.

Our mismanaged forests are a major factor in this. With dry years in front of us, we haven’t done enough to manage fuel loads and properly mitigate the risk. We are at a crossroads – almost all of worst fires in CA history have happened in the last 10 years, and even more devastating fires are still on the horizon. To add insult to injury, our ‘insurance of last resort’ is already out of money from a fire in January.

I am outraged by the state of affairs in Sacramento. We continue to spend money funding bloated, wasteful programs that produce no results, while our forests and insurance markets continue to fall into disrepair. No more, we need proper forest management NOW!

If you need any resources related to insurance, please visit my website:
https://ad08.asmrc.org/resources/