How a U.S. home insurance fix is becoming a problem

These houses are in areas increasingly prone to natural disasters like wildfires or hurricanes. Private insurance wouldn't cover them, so they are covered under insurance plans of last resort, known as FAIR (Fair Access to Insurance Requirements) plans.

In 2020, approximately 222,000 homes in California were covered by FAIR plans.

That number increased by just over 100,000 from 2020 to 2023.

Increasing about 46% in just three years. Over the same short period, 24 private insurers have stopped covering fire risk in California, a 10% drop...