California Department of Insurance
Recent News About California Department of Insurance
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Allstate could resume writing homeowner policies in California— if future risks are considered
Allstate is signaling that it is willing to write new homeowner policies in California once again, provided that regulators implement reforms such as allowing future wildfire modeling– a position that dovetails with the insurance commissioners' reform plans for 2024. -
2 more property insurers decide to bail out of California due to escalating costs
The California Department of Insurance is downplaying the decision by two more property insurers to bow out of the state’s insurance market, saying that the companies’ market share is minimal. -
State Farm to pull 72,000 home insurance policies, complicating California's housing crunch
State Farm will not renew 72,000 home insurance policies in California this year, raising renewed concerns about the effects of the state’s regulatory and litigation environment, as well as the impact of catastrophic events including wildfires.