The FAIR plan has an estimated $4 billion in liabilities from January's fires. (Credit: Amanda Bronstad/ALM)
Legislation moved forward this week to help California’s FAIR Plan better balance its finances.
The FAIR Plan Stabilization Act (AB 226) would allow the California Infrastructure and Economic Development Bank to issue bonds and give the plan access to a line of credit if it needs funds.
It passed the state assembly on Tuesday and will head to the state senate for consideration.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
