New Rules May Coax More Insurers Back into California Market
Posted: September 23, 2025
In an effort to bring more insurers back into California's homeowner's and commercial property insurance market, the state Department of Insurance (DOI) has approved a system that will allow insurers to use forward-looking wildfire risk models to price policies in areas susceptible to wildfires. The DOI hopes this and other measures it's been taking, will provide some relief to businesses and homeowners in high-risk areas....