Daily P&C Insurance Agent News
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Daily California P&C Insurance News
Monday, March 2, 2026
California Headlines
**Wildfire Insurance**
State bill would mandate insurance for homeowners who reduce wildfire risks
February 19, 2026
A new California bill, SB 1076, would require insurers to offer and renew coverage for homes meeting wildfire-safety standards starting January 2028, with penalties for noncompliance. Industry groups warn the mandate could force carriers out of the strained homeowners market.[1]
**FAIR Plan Expansion**
‘Structural Shift’ Occurring in California Surplus Lines
February 11, 2026
Los Angeles wildfires accelerated a shift from admitted carriers to surplus lines and the FAIR Plan, prompting regulators to push coverage expansions and reforms for wildfire survivors. The FAIR Plan’s growth highlights ongoing market contraction in high-risk areas.[6]
**Regulation Reform**
February 2026 (est.)
California’s insurance market faces crisis with FAIR Plan growth exposing underinsurance risks after wildfires, as Proposition 103 regulations hinder carrier sustainability. Repeal is proposed to restore private market stability beyond temporary laws like SB 495.[2]
**New Laws**
New California Insurance Laws on the Books in 2026
January 1, 2026
A suite of 2026 laws promotes wildfire safety, consumer protections, and transparency in property insurance amid climate-driven disasters. These measures aim to enhance oversight and accessibility in a hardening market.[4]
**FAIR Plan Oversight**
Assembly Insurance Committee Oversight Hearing: The California FAIR Plan
January 28, 2026
The FAIR Plan has seen explosive growth post-2025 wildfires, with coverage limits expanded but litigation ongoing over mandated additions like theft and liability. It serves as a critical safety net for high-risk properties rejected by private insurers.[5]
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