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New York Post
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New York Post

2026-11-08T19:28:54.000Z

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State Insurance Overhaul

State Insurance Overhaul

Jane Kim, who defeated Ben Allen with about 53% of the vote, has proposed a state-run nonprofit fund to guarantee wildfire insurance for California homeowners. Her plan comes as seven major insurers have limited or paused new policies, premiums have risen 84% since 2020 and enrollment in the state’s FAIR Plan has nearly tripled. Kim said the program would require cooperation from lawmakers and community leaders.

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