California E&S Insurance

The 85% figure is not put clearly, or just a bit complicated itself. It's 85% of statewide market share in fire prone areas. As in: If a company has a 30% market share in California as a whole, then when looking at a fire threat area, they have to offer insurance to 30x.85=25% of the wildfire area market. Even that doesn't fully clarify it, because what about overlap, you wouldn't want like 3 30% statewide market share companies all offering only to the same 25% of a wildfire market. But point is that the intention of the rule is that they want 85% of the homes in wildfire areas in private insurance, and only the worst 15% relegated to FAIR plans. Not that 85% of their policies should be in wildfire areas.

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