Nicole Mahrt-Ganley
916-440-1116
nicole.ganley@apci.org

FOR RELEASE ON RECEIPT
January 21, 2025
APCIA President and CEO Statement on California FAIR Plan

WASHINGTON, DC—The American Property Casualty Insurance Association (APCIA) Issued the following statement from David A. Sampson, APCIA president and CEO regarding the California FAIR Plan. Sampson was a member of the federal Wildland Fire Mitigation and Management Commission and served in the Property Development Industry seat.

“Insurers are committed to helping Californians recover and rebuild from the devastating wildfires. As part of this recovery, it is essential that the state legislature issue catastrophe bonds to recapitalize and restabilize the California FAIR Plan, which provides a critical safety net for homeowners. The Department of Insurance has already taken a necessary first step to preserving the immediate solvency of the Plan by allowing it to obtain a line of credit, but additional long-term funding is needed to spread its catastrophic losses out over time. We look forward to working with the Department and elected officials to ensure the viability and availability of the FAIR plan and the insurance market in the state.”

The American Property Casualty Insurance Association (APCIA) is the primary national trade association for home, auto, and business insurers. APCIA promotes and protects the viability of private competition for the benefit of consumers and insurers, with a legacy dating back 150 years. APCIA members represent all sizes, structures, and regions—protecting families, communities, and businesses in the U.S. and across the globe.

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