The design of these insurers of last resort is a policy decision; that means it can be changed.
We recommend that FAIR Plans be improved to achieve the objectives of accessible and affordable insurance, and to better address the climate crisis. See the report for a full list of our recommendations:

And yet while these are often presented as "state-run" insurers, FAIR plans are in fact most often private syndicate pools or other private associations, headed almost entirely by private insurance company execs. 86% of these plans are run by majority-industry reps.

As premiums rise and insurers refuse to offer new or renew existing policies, homeowners and businesses are increasingly turning to insurers of last resort. They're a big deal! 35 states have some version of theses insurers, and in 2024, they offered 3.3 MILLION policies, w coverage of $1 trillion