California P&C Market Faces Wildfire, Storm and Innovation Pressures
- September 28, 2026
- Tony Veteto
California P&C Market Faces Wildfire, Storm and Innovation Pressures
Daily Property & Casualty Insurance Briefing | September 28, 2026
California Property & Casualty Insurance News
Jane Kim’s Plan to Remake California Insurance Draws Fire as FAIR Plan Increase Nears
Published September 24, 2026
California’s insurer of last resort is scheduled to begin charging new and renewing customers an average of 29.1% more on October 15. The proposed restructuring would also address the FAIR Plan’s reliance on reinsurance, bonds and assessments while allowing insurers to consider catastrophe models and reinsurance costs in rate filings if they expand coverage in wildfire-distressed areas.
California Announces State of Emergency as Weather Risks Increase
Published September 21, 2026
California declared a statewide state of emergency as the state prepared for significant weather-related conditions. The declaration highlights the importance of catastrophe planning, property risk inspections and coverage reviews for agents serving homeowners and commercial policyholders.
Insurers Are Writing New California Homeowner Policies, but Coverage Gaps Remain
Published September 23, 2026
California regulators reported more than 12,000 new policy commitments since the state’s sustainable insurance strategy began in January 2025. The framework permits insurers to use catastrophe models and include reinsurance costs in rate filings, provided they increase coverage in high-risk areas or move customers out of the FAIR Plan.
AI Insurer MGT Expands Small Commercial Coverage to California
Published September 22, 2026
MGT, an AI-focused insurance company, expanded its small-business insurance offering into California. The move reflects the growing use of technology-driven underwriting and distribution models in the state’s small commercial market.
Southern California Edison Pushes for Wildfire Liability Deal Before Lawmakers Depart
Published September 25, 2026
Southern California Edison urged state lawmakers to consider legislation addressing utilities’ exposure to future wildfire liabilities. The debate could affect utility financial strength, liability insurance needs and the potential cost of wildfire risk transferred to insurers and policyholders.