October 23, 2025
Important Update: California FAIR Plan Rate Changes
WHAT YOU NEED TO KNOW
As wildfire risks continue to grow, so do the challenges within the insurance market. The California FAIR Plan (CFP, the state’s plan designed to provide coverage when standard carriers decline due to excessive risk) has announced a proposed 35.8% average rate increase to address escalating wildfire exposure.
For property owners, fiduciaries, and investors, this change is more than a rate adjustment — it’s a call to reassess risk strategies. Some areas, particularly those near the wildland-urban interface, may experience even steeper increases, reflecting the rising costs of reinsurance and claims.
At Teague, we understand the impact this has on your personal and commercial insurance needs. Our team is here to help you navigate these changes with proactive, tailored solutions, including:
- Portfolio risk assessments to identify vulnerabilities.
- Mitigation strategies to enhance insurability.
- Specialty insurance options to bridge coverage gaps.
The evolving insurance landscape requires forward-thinking strategies. Let us partner with you to ensure your assets remain protected and your coverage aligns with your needs.
Contact your Teague advisor today to discuss how these changes may affect your policies and explore solutions to safeguard your investments.
We’re committed to supporting you through these changes with the professionalism and client focus you’ve come to expect from Teague.