Fix the Insurance Coverage Crisis Before It's Too Late

California’s Outdated Insurance Framework is Failing Consumers

California’s insurance market is in crisis, with millions losing access to the coverage they need to protect their homes, cars and small businesses. For over a decade, California’s outdated regulations have forced insurers to pay out more in claims than they collect in premiums—creating extreme market imbalance and threatening consumer access to coverage. The devastating wildfires in Southern California reinforce the urgent need for reforms to stabilize California’s insurance market and protect access to coverage for everyday and catastrophic losses.

Since 2022, more than half of the state’s top 15 insurers have been forced to restrict access to new policies or exit out of the California market entirely.

Forward-Looking Solutions are Needed Now to FIX the Coverage Crisis

We must ACT NOW to modernize California's insurance framework by enacting forward-looking solutions that restore balance in the market - ensuring ALL consumers have access to the insurance coverage they need

Proven catastrophe risk modeling

Use of reinsurance

Streamline rate review process

Stabilize FAIR Plan to prevent insolvency

Community-wide wildfire mitigation

Avoid unsustainable coverage mandates

Download Fact Sheet

Sustainable Insurance Strategy Progress Chart

Insurers on the Frontlines

Insurers are committed to helping Californians recover and rebuild from Southern California’s devastating wildfires. From the onset, insurers have been on the frontlines—proactively reaching out to impacted customers, setting up help centers, and deploying Catastrophe Teams to help residents secure emergency housing, food, clothing and financial assistance in their time of need.

As of March 5, 2025,

Insurers have paid out

$$12.1

Billion +

Across

37,749

policyholder claims

This is just the beginning. Tens of billions more in claims will be paid in the months ahead as Californians work to rebuild their homes, businesses and lives.

Download By the Numbers Fact Sheet