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2. These states are increasing minimum coverage requirements in 2025

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   In California, minimum coverage car insurance requirements are 30/60/15 effective Jan. 1, 2025. Utah minimum coverage limits will increase to 30/60/25. Virginia limits will be 50/100/25.

3. Things to know about California's new proposed rules for ...

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   Insurance companies doing business in California must put money into a fund to pay for coverage under the FAIR Plan. The number of people on the FAIR Plan has nearly doubled in recent years ...

4. Newsom administration releases plan that could speed up ...

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   The Personal Insurance Federation of California, which represents large companies, including State Farm, Allstate and Farmers Insurance, expressed support for the proposal. The plan is “an ...

5. California FAIR Plan - Wikipedia

   en.wikipedia.org/wiki/California_FAIR_Plan

   The plans are typically more expensive and provide less coverage than commercial plans. [5] If the FAIR Plan does not have the money to pay out all claims, it collects money from insurance companies that operate in California. [5] According to data from 2020, the FAIR Plan covers 2.5% of the statewide market share, but 20.4% of the market share ...

6. Blazes could break California’s last-resort insurer; plans ...

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   In the Pacific Palisades, where State Farm recently canceled over 1,600 policies a few months ago, FAIR plan residential plans in the 90272 zip code grew 85% from 2023 to 2024.

7. California Department of Insurance - Wikipedia

   en.wikipedia.org/wiki/California_Department_of...

   Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.