California’s Insurance Bailout Law Exposes Growing Risks to American Homeowners

California’s latest legislative move, signed by Governor Gavin Newsom, might look like a solution on paper: allowing the FAIR Plan—the state’s insurer of last resort—to spread out disaster claims payments over years and request state-backed loans. But beneath this facade lies a stark warning for all Americans who value economic liberty and national sovereignty. Is This Just Papering Over a Looming Crisis? The FAIR Plan serves as a safety net for homeowners deemed too risky for private insurers, mainly due to California’s increasingly frequent and devastating wildfires. Today, nearly 600,000 policies are stacked onto this plan, upended from private coverage...