Tag: policy availability

Farmers Insurance to Gradually Reintroduce Coverage Options in California

H. Cutner
Farmers Insurance

Farmers Insurance has announced the phased return of multiple insurance lines for new customers in California, starting December 14, 2024. This move signals a notable shift in the state’s insurance market, bringing expanded coverage options that had been unavailable to new customers for over a year. This development is underpinned by improvements in the regulatory and economic environment, encouraging insurers to revisit their offerings in California. Farmers Reinstated Insurance Lines After a significant pause, Farmers Insurance is set to roll out several key coverage options that aim to alleviate gaps…

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Why California Insurers Are Being Forced Back Into Wildfire Zones

Angela Linders
California Insurers

California Introduces New Rules to Boost Wildfire Coverage in At-Risk Areas California has long struggled with providing adequate home insurance to residents living in wildfire-prone regions. After devastating fires in recent years and increasing climate risks, a new set of regulations aims to stabilize the insurance market and expand coverage to residents in high-risk areas. These landmark rules, set to take effect on January 2, 2025, form part of California Insurance Commissioner Ricardo Lara’s broader Sustainable Insurance Strategy. Background For years, California homeowners in areas prone to wildfires have faced…

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