Daily P&C Insurance News

California Edition

California Headlines

Auto Insurance
April 14, 2026
California Auto Insurers Seek 15% Rate Increase Amid Rising Claims

Major California auto insurers have filed for average 15% premium hikes citing increased repair costs and litigation expenses. Regulators will review the requests with public hearings scheduled for May.

Home Insurance
April 13, 2026
State Farm Cuts Home Insurance Policies in High Wildfire Zones

State Farm will not renew 72,000 California homeowners policies in wildfire-prone areas starting July 2026. The decision follows similar pullbacks by other major carriers facing unsustainable losses.

Reinsurance
April 15, 2026
Reinsurers Impose 25% Rate Increases on California Carriers

Global reinsurers announced significant price hardening for California property business at the 2026 renewals. Capacity remains available but at substantially higher costs due to catastrophe exposure.

Technology
April 12, 2026
Lemonade Launches AI-Powered Commercial P&C in California

Lemonade expanded into California commercial P&C lines using its AI underwriting platform. The insurtech targets small businesses with instant quoting for general liability and property coverage.

Catastrophe
April 11, 2026
California Earthquake Authority Updates Risk Models, Raises Rates

CEA released revised seismic risk models showing 20% higher potential losses from major quakes. Policyholders face average 12% premium increases to maintain the program’s financial stability.