Daily California Property & Casualty Insurance News

Wildfire Insurance Protection

Residential Property Insurance
2026 Press Release

Insurance Commissioner Ricardo Lara ordered insurance companies to preserve residential property insurance coverage for over 147,000 policyholders affected by the Gifford Fire, shielding them from non-renewal or cancellation for one year. This action provides relief to wildfire-impacted communities under the Commissioner’s Sustainable Insurance Strategy.

California Insurance Commissioner Race

Regulation
Recent

Multiple candidates are vying for the California Insurance Commissioner position amid ongoing challenges like wildfire recovery for thousands of LA residents. The race highlights critical issues in property insurance availability and regulation.

Regulation
February 2026

Fifteen candidates are competing for Insurance Commissioner as LA residents face insurance hurdles post-wildfires. The position is pivotal for addressing California’s property insurance crisis.

Homeowners Insurance Market

Home Insurance Rates
2026

Southern California’s home insurance rates face upward pressure from surging reinsurance costs and new rules allowing catastrophe models in pricing. Homeowners in high-risk areas may see higher premiums short-term, but mitigation efforts could improve long-term access.

Wildfire Mitigation
February 19, 2026

SB 1076 requires insurers to offer coverage to wildfire-resistant homes starting January 2028, with penalties for noncompliance, addressing denials faced by fire survivors. The insurance industry warns it could exacerbate California’s strained homeowners market.