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30 July 2026Insurance

California FAIR Plan cedes off runaway growth in mass reinsurance move

California’s troubled wildfire insurer of last resort massively increased its reinsurance cessions following the January 2025 wildfires, absorbing virtually all of the incremental premium generated by the California FAIR Plan’s continued outsized growth during a fiscal year in which the fires drove it to a $1.6 billion net loss.

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