California Property & Casualty Daily News – November 23, 2025

Published: September 19, 2025

Insurance Commissioner Ricardo Lara has mandated insurance companies to maintain residential property coverage for over 124,000 California homes impacted by wildfires, shielding them from non-renewals and cancellations for one year. This action follows Governor Newsom’s emergency declaration and aims to stabilize insurance availability in disaster-affected areas[1].

Published: November 21, 2025

Farmers Insurance has announced an end to the monthly cap on new homeowners policies in California, expanding availability across the state. The move reflects confidence in a stabilizing market and continued support for residents facing coverage challenges[3].

Published: Q3 2025

Eleven California wildfires have resulted in approximately $50 billion in insurance claims during the first quarter of 2025, consuming nearly half of the industry’s annual catastrophe budget. Insurers are revising underwriting strategies and becoming more selective as they respond to elevated risk levels[5].

Published: November 18, 2025

Some California communities working to reduce disaster risks still face rising insurance premiums as carriers reassess exposure and drop customers amid escalating disasters. Residents continue to seek new strategies and risk reduction measures to improve insurability[17].

Published: May 2025

The US Property & Casualty industry reported a net underwriting loss of $1.1 billion in the first quarter of 2025, primarily due to severe California wildfires. The situation marks a dramatic shift from the previous year’s $9.4 billion gain and highlights the growing financial strain on insurers[19].