Daily P&C Insurance Agent News
- November 13, 2025
- Tony Veteto
“`html
Home Insurance
California Orders One-Year Moratorium on Home Insurance Cancellations After Wildfires
Insurance Commissioner Ricardo Lara has ordered a one-year moratorium on non-renewals and cancellations for 124,000 homes in six counties affected by the TCU September Complex Fire, regardless of whether policyholders suffered a loss.
Catastrophe
Lara Proposes Changes to Landmark Insurance Law Amid Wildfire Crisis
Commissioner Lara has proposed stricter funding rules for consumer groups challenging insurer rate hikes, sparking debate over transparency and consumer advocacy in the wake of ongoing wildfire-related insurance challenges.
Regulation
Report Critiques California’s Insurance Regulatory Framework
A new report highlights how California’s regulatory environment, including Proposition 103 and restrictions on catastrophe modeling, has contributed to the collapse of the homeowners’ insurance market and insurer withdrawals.
Claims
Fire Survivors Call for Insurance Commissioner’s Resignation Over Claims Delays
Survivors of recent Los Angeles wildfires are demanding the resignation of Insurance Commissioner Ricardo Lara, citing months-long delays in claims processing and ongoing struggles with coverage.
Market Trends
Q1 2025 Property & Casualty Market Update: Wildfires Drive Loss Estimates
Wildfires in Southern California continue to drive up property and capital loss estimates, with insured losses from the Los Angeles-area fires projected between $75 billion and $164 billion.
“`