California Property & Casualty Insurance News
Tuesday, November 25, 2025

California Insurance Commissioner Ricardo Lara has ordered insurers to maintain coverage for thousands of residents affected by the TCU September Complex Fire. The action protects policyholders in 39 ZIP Codes from non-renewal for one year, aiming to ease concerns amid ongoing wildfire risks.

Farmers Insurance will now offer unlimited new homeowners policies in California, ending its previous limit of 9,500 policies per month. The expansion supports Commissioner Lara’s Sustainable Insurance Strategy and is expected to benefit distressed areas through increased coverage options.

Eleven major wildfires in California during Q1 2025 resulted in $50 billion in insurance claims, sharply affecting the industry’s annual catastrophe budget. Insurers are recalibrating their risk appetites and underwriting criteria, particularly in the state’s highest-risk zones.

Insurance Commissioner Ricardo Lara has proposed changes that would make it harder for consumer groups to challenge insurer rate hikes. The stricter funding rules aim to streamline the regulatory process, but critics say they may reduce consumer protections and transparency.

Farmers’ new plan anticipates thousands of additional policies for California homeowners, with targeted outreach to areas most affected by recent wildfires. The move follows broader industry efforts to restore coverage availability amidst rising catastrophe-driven losses.