San Diego Journal of Climate & Energy Law
Abstract
California should continue to further the policy of protecting generational homeowners’ right to their property. To do this, insurance rates should be set in a way that avoids unfair premium increases that violate Proposition 103 and unfairly burden consumers. Utilizing CAT models will increase the cost of home insurance premiums due to overestimations of risk, enable bias on the part of insurance companies, and promote a lack of public scrutiny for insurance rates. This creates a confiscatory rate, which violates Proposition 103 and the California Constitution.
Generational homeowners should not be forced to adopt the FAIR plan just to maintain ownership of their homes. California should create a state-funded fire insurance plan, or the FAIR plan should receive funding from state emergency funding instead of private insurers.
California should uphold its commitment to promoting homeownership in the state and supporting generational homeowners by maintaining regulations that ensure the accessibility and attainability of homeownership.
Recommended Citation
Emily Serleth,
Playing with Fire: California Homeowners Risk High Insurance Costs or Losing Homes to Climate Change Disasters,
16
San Diego J. Climate & Energy L.
91
(2025)
Available at:
https://digital.sandiego.edu/jcel/vol16/iss0/5
