CALIFORNIA, 2017 — PRESENT $ $ $
ESPM 50AC, Spring 2026

Insured
Against
Equity

Wildfire insurance in California has become more than a financial product. It has become a mechanism that decides who gets to stay, who gets pushed out, and which communities carry the weight of a warming climate.

01, Project Overview

The Insurance Market
as Instrument of Inequality

This project examines how wildfire insurance has become a central driver of environmental inequality in fire-prone California communities, from 2017 to the present. Rather than treating wildfire as an isolated natural event, this research looks at how decisions made by insurance companies, state regulators, and homeowners under financial pressure are reshaping who can afford to remain in high-risk areas.

The core question is not just about risk pricing. It is about who bears the weight of climate change, and whether that burden is being distributed fairly, or along the same familiar fault lines of class, race, and geography that have always shaped environmental harm.

"Wildfire insurance in California does more than manage financial risk. It has become a primary driver of environmental inequality. As private insurers pull out, premiums climb, and fire-risk zones get redrawn, the market is actively redistributing who bears the burden of living in a fire-prone landscape."

Central Question

How are insurance withdrawals, rising premiums, and changes to fire-risk classification transforming wildfires from a shared hazard into a market-based mechanism of social stratification, determining who can afford to stay in fire-prone California communities?

On Actuarial Logic

Fire-risk maps and actuarial models present themselves as neutral, scientific tools. But the way they classify risk, and who ends up paying for it, is shaped by existing social structures and market incentives that have nothing to do with ecology.

On Market Retreat

When private insurers leave, they do not just take their policies with them. They transfer risk onto the people who can least afford to carry it. That transfer is a political choice, not an economic inevitability.

On Policy Futures

There is no market solution to a market failure of this scale. Addressing the equity dimensions of the crisis requires rethinking who bears risk and how those costs get distributed across society as a whole.

02, Positionality

I Came to This
Through Experience

This research does not begin in a library. It begins with a wildfire that burned partially through my home and left me displaced. That experience gave me access to something that policy documents and actuarial reports cannot fully capture: what the post-disaster system looks and feels like from the inside, and who it was built to protect.

"The post-fire crisis is not only ecological. It is administrative, financial, and deeply unequal in who it releases and who it traps."

Researching a system you have personally been caught inside carries both advantages and obligations. The lived experience of displacement gives me a window into the confusion of navigating insurance claims while grieving a home, the gap between what a policy promises and what a settlement delivers, the exhaustion of bureaucratic processes that assume a stability most disaster survivors no longer have.

At the same time, I am aware that my experience is particular. My position as a UC Berkeley student with access to institutional resources shapes what I can see and do in the aftermath of a fire. I approach this research from that specific position, and I try to let it widen rather than narrow the argument.

From the Field

The data and the lived experience point in the same direction. Census tracts within wildfire perimeters consistently show lower median incomes, lower home values, and older populations. That is not an accident. It is a pattern.

FIRE RISK ZONES, CA VERY HIGH RISK HIGH i i i i Privately insured Uninsured / FAIR Plan LOWER INCOME TRACT my home
03, Market Retreat

How the Market Moves

When private insurers exit a market, the standard story says others will fill the gap. In California's wildfire insurance market, that has not happened. Instead, a feedback loop has formed that accelerates displacement for the communities least able to absorb it.

Insurers Exit State Farm, Allstate FAIR Plan Grows Last resort insurer Costs Rise Less coverage, more $$$ Property Values Fall No financing without insurance Displacement Cannot rebuild, sell, or stay FEEDBACK LOOP Burden falls on lowest-income homeowners
04, Timeline

Key Events &
Turning Points

California's wildfire insurance crisis did not arrive overnight. It is the product of years of compounding decisions by insurers, regulators, and a destabilizing climate.

2017

Wine Country Fires

The North Bay fires kill 44 people and cause $9.4 billion in insured losses. Major insurers begin quietly non-renewing policies in high-risk ZIP codes. Most homeowners do not notice yet.

2018

Camp Fire, Paradise

The deadliest wildfire in California history destroys nearly 19,000 structures and kills 85 people. PG&E is later found liable. Insurer losses accelerate market exits from high-risk zones.

2019

Non-Renewal Moratoriums

CDI issues moratoriums in disaster-declared areas. Proposition 103's consumer protections are increasingly strained by the scale of market retreat.

2020

Megafire Season

Over four million acres burn. State Farm and Allstate begin announcing they will stop writing new policies in California. FAIR Plan enrollment surges to record levels.

2023

State Farm and Allstate Formally Exit

Both insurers stop issuing new homeowners policies in California, citing wildfire risk and construction costs. The FAIR Plan becomes the fastest-growing insurer in the state.

2024

Sustainable Insurance Strategy

Commissioner Lara announces a major regulatory shift, allowing insurers to use forward-looking catastrophe models and reinsurance costs in rate filings for the first time.

2025

Los Angeles Fires

Fires devastate Pacific Palisades and Altadena, exposing the full depth of the crisis. Thousands of homes are uninsured or underinsured. FAIR Plan solvency is questioned.

2025

California Wildfire Authority Proposed

Kelly, Kleffner, Medders, and Russell publish a serious proposal for a public-private reinsurance structure designed to stabilize the market with built-in affordability provisions.

05, Thematic Analysis

The Arguments

Actuarial Logic and
Risk as a Social Category

Theme 01, Actuarial Models, WUI Zoning, Risk Classification

Fire-risk maps and actuarial models present themselves as neutral, scientific instruments. They are not. The way they classify risk, and who ends up paying for it, is shaped by existing social structures, data biases, and market incentives that have nothing to do with ecology. This is not merely a technical problem. It is a political one.

When insurers and regulators draw Wildland-Urban Interface (WUI) zone boundaries, they translate ecological conditions into financial categories with profound consequences for real people. A home classified in a Very High Fire Hazard Severity Zone faces dramatically different market conditions than an identical home just outside those lines, regardless of the physical reality of risk. These maps are not passive reflections of danger. They are active producers of it. Hexamer & Auer 2022

Hexamer and Auer's analysis of wildfire exposure, poverty rates, and insurance market concentration across the lower 48 states reveals a consistent, troubling pattern: the places most exposed to wildfire are also the places where household incomes are lower and where insurance market competition is thinnest. When your insurer exits a concentrated market, there is often no one else to call. And the cost of hardening your home to qualify for remaining coverage, if coverage is even available, falls exactly on people who cannot afford it. Hemmati et al. 2025

RISK CLASSIFICATION EFFECT Moderate risk High risk Very high risk Extreme risk $ $$ $$$ $$$$ Same ecological risk, very different market outcomes depending on where a line is drawn.

Environmental Inequality and
Who Actually Burns

Theme 02, Race, Class, Geography, Displacement

The dominant cultural image of wildfire in California is a wealthy hillside homeowner watching their Malibu estate go up in flames. This image is not only incomplete. It is actively misleading. Research consistently shows that it is low-income residents, elderly communities, and communities of color who are left most exposed, both by the fire itself and by the financial systems that govern recovery.

Scaduto and colleagues' twenty-year analysis of California wildfire perimeter data alongside census demographics asks who actually lives in the places that burn. Their findings are striking. Census tracts within fire perimeters consistently show lower median incomes, lower home values, and older populations compared to areas that have not burned. The methodology is rigorous and the findings are difficult to dismiss. Scaduto et al. 2021

Insurance unaffordability compounds this inequity in devastating ways. When homeowners lose coverage, or cannot afford rising premiums, they face a cascading set of constraints: they cannot access mortgage financing, cannot rebuild after a fire, cannot sell their property, and cannot stay. The displacement that results is not random. It follows the same lines of class, race, and geography that structure vulnerability to the fire itself.

WHO LIVES WHERE IT BURNS Median household income Fire perimeter tracts Non-fire tracts Median home value Share of elderly residents Source: Scaduto et al. 2021 20 years of CA wildfire perimeter data matched to census demographics

Market Retreat and
The Privatization of Risk

Theme 03, Insurer Withdrawal, FAIR Plan, Community Disinvestment

When private insurers leave a market, the standard economic story says other providers will fill the gap. In California's wildfire insurance market, this has not happened. Instead, the retreat of State Farm, Allstate, and dozens of smaller carriers has produced a vacuum into which only the California FAIR Plan, a last-resort insurer created by the state to cover the uninsurable, has stepped.

The FAIR Plan was never designed to carry this weight. It offers limited coverage at higher cost, with fewer protections and less flexibility than a standard homeowners policy. Its rapid expansion is not a market success story. It is a warning sign. Each household transferred from the private market to the FAIR Plan represents a family absorbing more financial risk with fewer resources to manage it. Hemmati et al. 2025

Kousky, Treuer, and Mach's scenario analysis makes the systemic stakes explicit: insurance market disruptions can cascade into mortgage markets, property values, and broader economic instability in ways that most policymakers have not seriously reckoned with. The scenario in which the whole system begins to unravel is not a worst-case hypothetical. It is California's current trajectory if nothing changes. Kousky et al. 2024

FAIR PLAN ENROLLMENT GROWTH 0 500K 1M 1.5M 2M 2018 2019 2020 2021 2022 2023 2024 3M+ Source: CDI Public Records / CA FAIR Plan (approximated from public reporting)

Regulatory History and
The Limits of the State

Theme 04, Proposition 103, FAIR Plan, Commissioner Lara

California's regulatory framework for homeowners insurance was designed for a different era. Proposition 103, passed by voters in 1988, requires insurers to justify rate increases before a public regulator and prohibits the use of forward-looking catastrophe models in rate-setting. For decades, this framework provided meaningful consumer protection. In the context of accelerating wildfire risk, it became a structural mismatch that regulators are only now beginning to address.

The prohibition on forward-looking models meant that California insurers were required to price risk based on historical data, even as the historical record became increasingly unreliable as a predictor of future fire behavior. Insurers facing losses they could not price into premiums made a rational market choice: they left. The regulatory framework designed to protect consumers helped produce the very conditions of the crisis it was meant to prevent.

Commissioner Lara's 2024 Sustainable Insurance Strategy represents the most significant regulatory shift in decades. It allows insurers to use catastrophe models and reinsurance costs in rate filings, an acknowledgment that the old framework was no longer fit for purpose. Whether these reforms will be sufficient to stabilize the market while protecting affordability for vulnerable households remains very much an open question.

REGULATORY TIMELINE 1988 Proposition 103 passed 2017 Non-renewal surge begins 2019 Non-renewal moratoriums 2023 State Farm, Allstate exit 2024 Sustainable Insurance Strategy 2025 LA fires expose full crisis PROTECT FAILURE REFORM
06, Key Data

By the Numbers

The crisis is documented in striking statistics, each one representing households caught in a market that was not designed to protect them.

3M+
FAIR Plan policies
in force by 2024
CDI Public Records
85
People killed in the
2018 Camp Fire alone
CAL FIRE / State Records
4M+
Acres burned in
California's 2020 season
CAL FIRE Historical Records
$458B
Total insured value
now in FAIR Plan
CA FAIR Plan Annual Report
Lower
Median income in
wildfire perimeter tracts
Scaduto et al. 2021
2023
Year State Farm stopped
issuing new CA policies
State Farm Press Release
07, Policy Implications

What Must Change

There is no market solution to a market failure of this scale. The following are the serious policy alternatives currently under debate, each with genuine promise and real limitations.

California Wildfire Authority

A proposed public-private reinsurance structure modeled on catastrophe programs in other countries. Would require mandatory insurer participation, layered cost-sharing between households, insurers, and the state, actuarially sound pricing paired with targeted affordability subsidies, and verified mitigation as a condition of coverage. The most fully developed systemic proposal currently on the table.

Promising, merits serious analysis

Mandatory Risk Pools

Requiring insurers operating in California to participate in pooled coverage arrangements for high-risk areas, spreading losses across the industry rather than allowing selective market exit. Addresses the concentration problem that leaves some communities with no coverage options at all. Politically difficult, but structurally sound.

Critical, requires legislative action

Mitigation-Linked Incentives

Tying premium reductions or coverage guarantees to verified home hardening and community-level mitigation investments. Creates market incentives for risk reduction rather than market exit. Currently embedded in the Sustainable Insurance Strategy. Risk: only those who can afford mitigation benefit, leaving lower-income homeowners locked out.

Limited, equity concerns remain

Housing and Land-Use Reform

Insurance reform cannot stand alone. Addressing displacement requires rethinking who is allowed to build where, how wildland-urban interface development gets approved, and how the state manages planned retreat from the most extreme-risk zones. The insurance crisis is also a housing policy crisis, and it will not be resolved by treating them separately.

Critical, systemic approach required
08, Annotated Bibliography

Works Cited

Five peer-reviewed sources that directly engage with fire risk, insurance market dynamics, and environmental inequality, annotated with analysis of how they shape and support this project.

Source 01
Hemmati, Mona, Ian Gray, and Shannon Bowen. "The Growing Void in the U.S. Homeowners Insurance Market: Who Should Bear the Rising Cost of Climate Change?" npj Natural Hazards, vol. 2, no. 1, 2025. doi:10.1038/s44168-025-00231-8.
This article tackles what has become one of the defining housing crises of the climate era: the accelerating exit of private insurers from regions where wildfire, flood, and hurricane risk is rising faster than their models can keep up with. Hemmati, Gray, and Bowen trace the structural forces behind this retreat, including outdated actuarial frameworks, reinsurance bottlenecks, and a regulatory environment that has not kept pace with climate realities. What makes this source particularly useful is the way it refuses to treat insurer withdrawal as a neutral market adjustment. The authors frame it explicitly as a policy failure with equity consequences, which is exactly the framing this project builds its central argument around. I use this piece to anchor the claim that the retreat of private insurers is effectively shifting the financial weight of climate change onto the people least equipped to carry it.
Source 02
Kousky, Carolyn, Gregory Treuer, and Katharine J. Mach. "Insurance and Climate Risks: Policy Lessons from Three Bounding Scenarios." Proceedings of the National Academy of Sciences, vol. 121, no. 48, 2024. doi:10.1073/pnas.2317875121.
Kousky, Treuer, and Mach lay out three possible futures for property insurance as climate change accelerates: a scenario where markets stabilize through innovation, one where public intervention fills the gap, and one where the whole system begins to unravel. What makes this piece valuable is not just the scenarios themselves but the analysis underneath them. The authors show how insurance market disruptions can cascade into mortgage markets, property values, and broader economic instability in ways that most policymakers have not seriously reckoned with. This source gives the project's argument a sense of urgency that goes beyond individual homeowners and situates the insurance crisis as a systemic problem that demands systemic solutions. I draw on their scenario framework in the policy implications section to ask what is actually at stake if California's current trajectory continues.
Source 03
Scaduto, Elizabeth, Jun Wu, Shahir Masri, and Yufang Jin. "Disproportionate Impacts of Wildfires among Elderly and Low-Income Communities in California from 2000 to 2020." International Journal of Environmental Research and Public Health, vol. 18, no. 8, 2021. doi:10.3390/ijerph18083921.
This is one of the most directly useful empirical sources I found. Scaduto and colleagues use twenty years of California wildfire perimeter data alongside census demographics to ask a simple question: who actually lives in the places that burn? Their answer pushes back hard against the common image of wildfire as a threat to wealthy hillside homeowners. Census tracts within fire perimeters consistently show lower median incomes, lower home values, and older populations compared to areas that have not burned. The methodology is rigorous and the findings are hard to dismiss. This source provides the empirical backbone for the environmental inequality argument and helps me counter the narrative that wildfire insurance problems are primarily a concern for affluent communities. I pair it with my personal experience to show that the data and the lived reality point in the same direction.
Source 04
Hexamer, Benjamin Evan, and Matthew Auer. "Income and Insurability as Factors in Wildfire Risk." Forests, vol. 13, no. 7, 2022. doi:10.3390/f13071130.
Hexamer and Auer approach the insurance-inequality nexus from a different angle than most of the literature. Rather than starting with disaster outcomes, they map the geographic overlap between wildfire exposure, poverty rates, and insurance market concentration across the lower 48 states. What they find is a consistent pattern: the places most exposed to wildfire are also the places where household incomes are lower and where insurance market competition is thinnest. When your insurer exits a concentrated market, there is often no one else to call. I use this piece in the actuarial logic section to show that the insurance market is not passively reflecting an unequal landscape. It is actively reinforcing one. The analysis of market concentration is particularly germane to California's current dynamics.
Source 05
Kelly, Mary, Anne Kleffner, Lori Medders, and David Russell. "Trial by Fire: Reimagining Wildfire Insurance in California." Journal of Insurance Regulation, 2025. doi:10.52227/27093.2025.
This article proposes the creation of a California Wildfire Authority, a public-private reinsurance structure modeled on catastrophe insurance programs from other countries, as a way to stabilize the California homeowners market. The proposal involves mandatory insurer participation, layered cost-sharing between households, insurers, and the state, actuarially sound pricing paired with targeted affordability subsidies, and verified mitigation as a condition of coverage. It is a serious proposal that engages honestly with the central tension between pricing risk accurately and making coverage affordable to everyone. I use this source as the centerpiece of my policy implications section. It gives me a concrete alternative to analyze rather than just critique, and lets me ask directly whether market redesign, however ambitious, can actually address the equity failures this project documents.
09, Further Resources

Reading &
On-Campus Tools

Primary Data

CA Dept. of Insurance

Non-renewal data, insurer filings, FAIR Plan enrollment statistics, and regulatory records documenting the scope of the market crisis.

insurance.ca.gov
Primary Data

CAL FIRE Historical Fire Data

Historical fire perimeter records, burn acreage, structure loss data, and incident archives from 2000 to present.

fire.ca.gov
Primary Data

CA FAIR Plan Annual Reports

Enrollment figures, financial exposure data, and coverage statistics for California's insurer of last resort.

cfpnet.com
UC Berkeley

Berkeley Center for Law, Energy and Environment

Faculty research on California insurance law, climate adaptation policy, and environmental justice dimensions of wildfire.

law.berkeley.edu/clee
UC Berkeley

UCB Library, JSTOR and Web of Science

Full-text access to peer-reviewed journals, including all five sources cited in this project, through the UC Berkeley library system.

lib.berkeley.edu
Policy

First Street Foundation

Climate risk modeling and property-level fire, flood, and heat risk scores used by lenders, insurers, and researchers.

firststreet.org
Community Organization

United Policyholders

Nonprofit providing resources to disaster survivors navigating insurance claims, including guides on FAIR Plan coverage and claim disputes.

uphelp.org
Community Organization

California Environmental Justice Alliance

Advocacy working on environmental justice in California communities, including climate-related displacement and disaster recovery.

caleja.org
Journalism

ProPublica, Climate and Environment

Long-form investigative reporting on wildfire risk, insurance market failures, and displacement in fire-prone communities across the U.S.

propublica.org