California FAIR Plan paid $2.7 bn after receiving more than 5,000 claims from LA wildfires
California FAIR Plan paid $2.7 bn after receiving more than 5,000 claims from the Palisades and Eaton fires in Los Angeles
🇺🇸 California Insurance News
California insurance department forms task force to set smoke damage standards
The California Department of Insurance (CDI) is forming a task force to develop clear rules for insurance coverage and cleanup procedures related to smoke-damaged homes
California Insurance Commissioner approved State Farm’s request for rate increases to 38%
California Insurance Commissioner Ricardo Lara approved State Farm General Insurance Co.’s request for interim rate increases ranging from 15% to 38%
California Assembly Insurance Committee approved the California Safe Homes Act
The California Assembly Insurance Committee approved the California Safe Homes Act with a 16-0 vote. The legislation, backed by the insurance industry
California advances bill 354 to strengthen consumer data privacy in insurance
California Insurance Commissioner Ricardo Lara supports proposed legislation to create updated consumer privacy rules for insurers
U.S. insurers face $50 bn in Q1 losses amid Los Angeles Wildfires and Storms
U.S. insurers accounted for the majority of global insured losses in the first quarter, which reached the highest level in 15 years
California insurers accused of collusion to force homeowners onto high-cost Fair Plan
Two law firms representing California homeowners have accused several of the state’s largest home insurance companies of working together to eliminate standard property policies
California approves major FAIR Plan expansion to help access insurance coverage
Insurance Commissioner Ricardo Lara announced the approval of the California FAIR Plan Association’s commercial filing to increase commercial property coverage limits
Insurtech Kin introduced a new home insurance in California
Home insurtech Kin Insurance has introduced a new home insurance option in California to address the growing coverage gap in high-risk areas
California court rules wildfire debris is not direct physical loss in insurance dispute
A California appeals court ruled that wildfire debris does not automatically qualify as “direct physical loss or damage,” upholding a lower court’s decision
California FAIR Plan secured approval for an additional $1 bn
The California FAIR Plan Association, a group of all insurers licensed to provide property coverage in the state, has secured approval for an additional $1bn
California homeowners insurance: 11-year underwriting losses and market trends
An 11-year review of insurers’ filing data for homeowners insurance multiperil coverage in California shows intermittent years of poor results
Tesla’s insurance business posted mixed results for 2024
Tesla General Insurance reported $35.7 mn in written premiums, a 94% year-over-year increase. The carrier reported a year-to-date net underwriting loss of $5.6 mn
California’s home insurers paid out more than they collected in premiums
California’s homeowners insurers cumulatively paid out more than twice as much in claims and expenses as they collected in premiums in both 2017 and 2018
- « Previous
- 1
- 2
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
Finding affordable health insurance in California can be overwhelming. You’re faced with dozens of plan options, unfamiliar terms and questions about whether you qualify for subsidies through Covered California
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds