Daily P&C Insurance Agent News
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California Property & Casualty Insurance Daily
Curated headlines on regulation, catastrophe risk, and market capacity impacting California insurance agents and carriers.
California Headlines
Home insurance / Wildfire
Commissioner Lara Protects Mono and Inyo County Homeowners from Non-Renewals After Pack Fire
California Insurance Commissioner Ricardo Lara ordered insurers to preserve residential property insurance coverage for more than 14,800 policyholders in Mono and Inyo counties following Governor Newsom’s Pack Fire emergency declaration.[1][4] The one-year moratorium shields homeowners in and around the wildfire perimeter from non-renewals or cancellations while the state advances its broader Sustainable Insurance Strategy.[1]
Catastrophe / Market conditions
L.A. Fires Push Insurers’ 2025 Disaster Losses to $107 Billion
New analysis shows that 2025 insured losses from global natural catastrophes topped $100 billion, with Los Angeles–area wildfires helping drive the tally to about $107 billion despite no U.S. hurricane landfalls.[5] Swiss Re executives say the figures underscore that elevated catastrophe losses are becoming the “new baseline,” reinforcing the need for investment in resilience and adaptation across vulnerable communities.[5]
Home insurance / Reinsurance
2026 Home Insurance Rates: Will SoCal’s Record-Wet Months Push Premiums Even Higher?
The analysis projects California home insurance premiums will climb roughly 20% or more between 2023 and the end of 2025, driven by wildfire losses, inflation and higher reinsurance costs.[2] It notes that unusually wet weather and rising flood and mudslide concerns in Southern California could further influence reinsurer pricing and homeowners’ coverage availability heading into 2026.[2]
FAIR Plan / Alternative capacity
California FAIR Plan’s Record Wildfire Cat Bond Helps Push 2025 144A Issuance to $20.7 Billion
Artemis reports that Rule 144A property catastrophe bond issuance reached about $20.7 billion year-to-date in 2025, boosted by settlement of the California FAIR Plan’s $750 million Golden Bear Re wildfire cat bond.[3] The deal is the largest wildfire cat bond ever placed, highlighting strong investor appetite for collateralized reinsurance capacity tied to California wildfire risk.[3]
Casualty / Commercial auto
December 2025 Casualty Market Report: Excess Liability Attachment Pressures Intensify
Risk Placement Services notes that parts of the general casualty market are softening, but excess liability—particularly above commercial auto—remains challenging as carriers push for higher attachment points.[6] Underwriters increasingly seek limits in the $5–$7 million range above primary policies, creating friction where many auto carriers still work with $1–$2 million layers that no longer reflect inflation or current claim severity.[6]
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