Daily P&C Insurance News

Major California auto insurers have filed for significant rate increases citing escalating wildfire risks and repair costs. Regulators are reviewing the proposals amid consumer pushback on affordability.

Several home insurers announced policy non-renewals in wildfire-prone California areas, prompting state intervention. The California FAIR Plan is seeing record enrollment as private market capacity shrinks.

Reinsurance capacity for California carriers is tightening ahead of 2026 renewals due to catastrophe losses. Premiums are expected to rise 20-30% with stricter terms for wildfire exposure.

New California regulations require insurers to disclose AI usage in underwriting decisions starting mid-2026. The rules aim to prevent bias while promoting innovation in P&C tech applications.

Recent seismic swarms in Southern California have prompted insurers to update catastrophe models. Early loss estimates remain low but underscore ongoing earthquake vulnerability.