California’s property insurer of last resort continued to grow in the final months of 2025, giving it more than twice as much potential liability than similar insurance programs in Florida and Texas combined.
The state-chartered California FAIR Plan, which sells property insurance to residents who are unable to buy coverage in the private market, was insuring a record 669,000 properties on Dec. 31, according to new data. The number of policies in state FAIR plans grows as insurance companies pull back in the face of increasingly damaging disasters such as wildfire and hurricanes.
The continued growth indicates that the state’s insurance crisis is ongoing despite attempts by California officials to prevent insurers from leaving high-risk areas of the state, the advocacy group Consumer Watchdog said in a statement on Tuesday.
The FAIR plan said on its website that the growth in the last quarter of 2025 was slightly smaller than it had been during the same period of the previous year, but much larger than in 2022.
