January 28, 2026 Assembly Insurance Committee

California State Assembly Insurance Committee · January 28, 2026

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Opening remarks and framing

Presentation

32:30 → 34:02(1m 32s)

Madam Chair opened the oversight hearing, framed the California Fair Plan as a ‘safety net’ rather than an insurer of last resort, and invited Vice Chair Assemblymember Wallace to make opening remarks; emphasized policy growth and obligation to ensure the Plan serves Californians when the voluntary market fails.

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Oversight hearing of the California State Assembly Insurance Committee on the California Fair Plan covering the Plan’s growth, rate filings, reinsurance, catastrophe bonds, claims handling (including smoke claims), clearinghouse/depopulation efforts, and stakeholder testimony.

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Transcript

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