FAIR Plan Fair Access to Insurance Requirements wind pool beach plan residual market last resort insurance state mandated insurance coastal insurance high-risk insurance wildfire insurance hurricane insurance Citizens Property Insurance Florida Citizens Louisiana Citizens California FAIR Plan Texas TWIA TWIA Mississippi MWUA MWUA Alabama AIUA AIUA South Carolina Wind and Hail North Carolina Beach Plan depopulation assessment authority assessment risk WPI-8 certification windstorm certification declination requirement private market unavailable coverage limits $3 million limit $700,000 Florida $1.772 million Texas wind-only coverage fire-only coverage comprehensive homeowners HO3 DP3 difference in conditions DIC policy 34 states residual market 16 states no program 1% deductible 2% deductible 5% deductible hurricane deductible per storm season coastal counties 14 Texas counties 6 Mississippi counties 18 North Carolina counties statewide coverage wildfire crisis insurance market hardening private market withdrawal non-renewal crisis 385,000 policies Florida 334,000 policies California $458 billion exposure 61% increase depopulation program 546,000 transfers Slide Insurance Manatee Insurance Southern Oak Insurance 6-10% assessment cap 10% assessment cap no cap Texas member insurer assessment policyholder surcharge catastrophic loss reinsurance $5.75 billion cash reserves $377 million Los Angeles wildfires Pacific Palisades $5.9 billion exposure Commissioner Ricardo Lara Office of Insurance Regulation Texas Department of Insurance HB 3689 binding legal agreement $20 million commercial $100 million per location Massachusetts no limit Georgia $250,000 New Mexico $750,000 residential New Mexico $2 million commercial New York $1.5 million Connecticut $1.5 million Illinois $1.5 million New Jersey $1 million Hawaii $1 million California Earthquake Authority CEA separate earthquake coverage separate hurricane coverage wind separate from fire property inspection required basic insurability standards vacant property exclusion gross disrepair ineligible fraud cancellation premium at binding two declinations 20% higher quote wind mitigation requirements state-contracted adjusters administrative appeal mediation required attorney fee awards public adjuster representation claims process differences rate cuts 2026 South Florida 11% reduction over-depopulation concern highest-risk properties funding structure change public securities removed reinsurance costs exposure reduction market softening October 2023 peak 1.42 million policies 73% decrease lowest level 2002 historic depopulation Camp Fire 2018 Dixie Fire 2021 164% increase policies September 2019 baseline June 2024 count