Daily Property & Casualty Insurance News

Wildfires, rising claims costs, and price controls have pushed major insurers to limit new business and renewals in California. The article argues that these pressures have weakened market capacity and increased reliance on the FAIR Plan, which can eventually shift losses back onto the broader insurance market and consumers.

California’s insurance commissioner is proposing new rules that would let insurers use future climate risk when setting rates. The plan is tied to an agreement that insurers expand and maintain coverage in wildfire-distressed areas, aiming to improve availability in high-risk communities.

The California Department of Insurance publishes annual market share reports for licensed property and casualty insurers operating in the state. These reports are useful for tracking carrier concentration, market shifts, and changes in underwriting participation across California.

Insurance Journal provides ongoing coverage of property and casualty insurance trends, with California market disruption among its recurring themes. The site is a useful source for insurer strategy, regulatory developments, and industry reaction to current market stress.

InsuranceNewsNet tracks regulation, market trends, and catastrophe-related developments affecting property and casualty carriers. Its P&C coverage includes California-focused issues and broader national indicators that can shape pricing and underwriting decisions.