News Story

By Michael R. Blood, ASSOCIATED PRESS https://apnews.com/article/california-wildfire-insurance-e31bef0ed7eeddcde096a5b8f2c1768f LOS ANGELES (AP) — Two insurance industry giants have pulled back from California's home insurance marketplace, saying that increasing wildfire risk and soaring construction...

By Eliyahu Kamisher, Max Reyes, & Biz Carson, THE LOS ANGELES TIMES https://www.latimes.com/business/story/2023-06-02/allstate-state-farm-stop-selling-new-home-insurance-in-california Californians looking to buy a house face some of the country's most expensive real estate prices and wildfires...

By Claire Hao & Carolyn Said, SAN FRANCISCO CHRONICLE https://www.sfchronicle.com/california-wildfires/article/insurance-state-farm-18125433.php State Farm, California’s largest property and casualty insurer, ceased writing new homeowners’ policies in the state on Saturday, citing wildfires, rising construction...

By R.J. Lehmann, INSURANCE JOURNAL https://www.insurancejournal.com/blogs/law-and-economics/2023/05/31/723136.htm It's been 35 years since Californians voted by a narrow majority to pass Proposition 103, completely overhauling how the nation's largest state regulates the business of...

By Ben Christopher and Grace Gedye, CAL MATTERS https://calmatters.org/housing/2023/05/state-farm-california-insurance/ State Farm made national headlines last week when it said it would stop selling new home insurance policies in California. As California's...

By Marisa Endicott, THE PRESS DEMOCRAT https://www.pressdemocrat.com/article/news/endicott-homeowners-in-areas-of-high-fire-risk-hit-with-sudden-policy-canc/ Last year, JoAnna Price of Napa returned from vacation to a letter stating that her insurer, Safeco, would not be renewing her home insurance...