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Four home insurance companies say they will not renew policies for people ... and in Southern California, 29% of builders said as much. ... timing of Allstate's decision to pull back from offering ...
State Farm had the largest California market share in 2023 with 19.9%, followed by Farmers Insurance with 14.9%, as well as CSAA Insurance Exchange and Liberty Mutual with 6.5% each.
Denni Ritter, a Western states lobbyist for the American Properties Casualty Insurance Assn., says: “What’s unique to California is our regulatory system under Proposition 103.
He said more than 130 companies compete for private passenger auto business and more than 70 companies write homeowners insurance. GEICO’s actions in California come as company commissioned Walk ...
At the end of 2024, the state's insurance commissioner enacted a measure aimed at expanding coverage in wildfire-afflicted areas after many companies scaled back following other devastating blazes.
Western Mutual was incorporated under the laws of California on March 7, 1942, as a county mutual fire insurer with the title Coast Mutual Fire Insurance Company of Los Angeles County. It commenced business on April 30, 1942. Residence Mutual Insurance Company was founded in 1949.
Forcing insurers to renew policies has been California officials' go-to policy for the past several years. In 2018, the California Legislature passed S.B. 824.Written by Lara (then a state senator ...
The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for California's homeowners, as officials try to rehab what they concede is ...