# California’s new insurance czar reveals massive overhaul to entire industry in the state: ‘No more’

- URL: https://talkfuse.com/story/californias-new-insurance-czar-reveals-massive-overhaul-to-entire-industry-in-the-state-no-more/
- Published: 2026-11-08T19:28:54+00:00
- Updated: 2026-11-08T20:37:50+00:00
- Original publisher: New York Post (publisher lean: Right)
- Original article: https://nypost.com/2026/11/08/us-news/jane-kim-vows-state-run-wildfire-insurance-fund-for-california/
- Topics: World

## Key points

- Jane Kim proposes a public nonprofit fund for wildfire insurance.
- California home premiums have risen 84% since 2020.
- The plan would need lawmakers’ and community leaders’ support.

## Summary

Jane Kim, California’s insurance commissioner-elect, has proposed a state-run nonprofit fund to provide wildfire insurance to homeowners. The plan would shift wildfire coverage out of standard home policies and offer a public alternative as private insurers pull back and households face rising costs.

Seven of the state’s largest property insurers have limited or paused new home policies. Stanford research cited in the article puts premium rises at 84% since 2020, while the state’s FAIR Plan now covers about 5% of homes, up from less than 2%. Kim won about 53% of the vote, and says the new fund would require cooperation with lawmakers and community leaders on how to establish and run it.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.