Overview

• The proposal requests an average 35.8% rate hike, with most changes falling between +5% and +60% for roughly four in five home policies.
• Approximately 97,000 policyholders would receive decreases, with most cuts capped at 50%.
• If the department approves the filing, the changes could take effect as soon as April 1, 2026.
• The FAIR Plan says higher rates are needed to cover climate‑driven wildfire risk and a swollen portfolio that reached about 590,642 residential policies.
• Regulators are reviewing the request under newly approved climate‑risk pricing rules as consumer advocates press an investigation into smoke‑damage denials and question a $1 billion emergency assessment that other insurers are expected to pass on to homeowners.