Restoring Stability to California's Insurance Market
CIMSA
The proposed California Insurance Market Stabilization Act (CIMSA) leverages California’s massive economic power to restore a competitive voluntary market, compress wildfire risk, and guarantee lower premiums—without creating taxpayer debt.
The Crisis Facing California Real Estate & Agriculture
THE PROBLEM VS. THE CIMSA SOLUTION
Major national insurance carriers are pausing underwriting and non-renewing property policies across California, shifting the burden onto the California FAIR Plan—a temporary backstop never designed for this scale. Meanwhile, these same parent companies continue to generate billions in profits from California's auto and liability markets, leaving property owners, farmers, and HOAs stranded.
Proposal Components
CORE LEGISLATIVE TENETS
🛡️ $50 Billion Multi-Tiered Reinsurance Trust
🔒 Holistic Market Access Firewall
🚜 Protection for Ag & Habitability
💳 Zero Taxpayer Debt Liability
Reinsurance
🛡️ $50 Billion Multi-Tiered Reinsurance Trust
Establishes a robust wholesale reinsurance backstop capitalized through pre-event catastrophe bonds, private credit facilities, and global capital reserves. This absorbs extreme catastrophe tail-risk so carriers can safely return to writing standard property policies.
Anti "Cherry Picking" Incentive
🔒 Holistic Market Access Firewall
California is the 5th largest economy in the world. CIMSA conditions access to California's highly profitable private passenger auto and commercial liability markets. Holding companies cannot cherry-pick profits while abandoning local property owners.
Extends Coverages
🚜 Protection for Ag & Habitability
Extends wholesale risk compression directly to Commercial Agricultural structures, processing facilities, and Commercial Habitability lines (HOA Condominiums & Affordable Housing).
Not Tax Funded
💳 Zero Taxpayer Debt Liability
All operational costs and debt service are collateralized internally by incoming carrier buy-in premiums. Initial short-term liquidity bridges are fully amortized and repaid within 36 months, protecting the State General Fund under the California Supreme Court's Public Purpose Doctrine.
Stand With California Property Owners, Farmers, and Realtors
COALITION & ENDORSEMENT FORMS
Legislative change requires a unified front. Join local government leaders, agricultural advocates, and real estate professionals demanding a stable, fair property insurance market.
sign the petition
📢 California Homeowners & Renters: Stand Up for Fair Insurance
Are you facing dropped coverage, skyrocketing rates, or being forced onto the expensive FAIR Plan? You shouldn't have to pay the price for insurance company profits.Join thousands of Californians urging the State Legislature to pass CIMSA. Protect your home, lower your rates, and hold national insurance corporations accountable.