# California’s put a hardcore socialist in charge of its broken insurance market. Now homeowners face a dangerous experiment

- URL: https://talkfuse.com/story/californias-put-a-hardcore-socialist-in-charge-of-its-broken-insurance-market-now-homeowners-face-a-dangerous-experiment/
- Published: 2026-11-09T01:07:56+00:00
- Updated: 2026-11-09T01:21:51+00:00
- Original publisher: New York Post (publisher lean: Right)
- Original article: https://nypost.com/2026/11/08/opinion/california-put-a-socialist-in-charge-of-insurance-industry/
- Topics: Elections, Politics, Research, Science, World

## Key points

- Jane Kim has declared victory in California’s insurance commissioner race.
- Her proposals include universal public disaster coverage.
- The FAIR Plan covers nearly 700,000 policies and faces a 29.1% rate rise.

## Summary

Jane Kim has declared victory in California’s insurance commissioner race, though the count is not final. Her election matters because she has proposed expanding public disaster insurance as homeowners face rising premiums, policy non-renewals and fewer private insurers willing to cover them.

Kim, a former San Francisco supervisor and California political director for Bernie Sanders, supports a universal disaster insurance programme, a public auto insurance option and limits on insurers’ share of premiums. Her disaster plan’s cost has not been set; critics say pooling homeowners with different risks could weaken incentives to protect properties. California’s FAIR Plan, the state-backed insurer of last resort, now covers nearly 700,000 policies, about 2.5 times its 2022 total, and faces an average 29.1% rate increase this autumn.

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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.