
The FAIR Plan: California's Insurer of Last Resort, Explained
When no carrier will write a policy, the state's backstop plan does — and after the 2025 fires, the whole market now shares its losses.
California housing and costs: prices, rents, zoning fights and the insurance squeeze, explained plainly.

When no carrier will write a policy, the state's backstop plan does — and after the 2025 fires, the whole market now shares its losses.

A 1 percent cap, a 2 percent assessment ceiling, and reassessment on sale — the 1978 rules still set every California tax bill.

The statewide median hit $850,680 in December 2025 per C.A.R. — but the number describes transactions, not houses.