Reinsurance News
California
Delos Insurance Solutions strengthens leadership team amid expansion plans
25th February 2026
Delos Insurance Solutions, a property insurance managing general agent, has made a series of senior leadership changes as it prepares for its next phase of expansion. The company specialises in home insurance solutions, particularly in markets where many traditional carriers have reduced or withdrawn coverage. By combining proprietary wildfire science with ... Read the full article
Farmers Insurance eliminates cap on homeowners policies offered in California
24th November 2025
Farmers Insurance, the largest property casualty insurer headquartered in California, has decided to eliminate the cap on the number of homeowners insurance policies it offers in the state, including Farmers Smart Plan Home, Farmers Smart Plan Condominium, and Farmers Smart Plan Renters policies, effective immediately. This move is motivated by the ... Read the full article
California insurance Commissioner Ricardo Lara backs Governor’s order on insurance stability
1st October 2025
The California Department of Insurance announced that Commissioner Ricardo Lara supports Governor Gavin Newsom’s new executive order on insurance stability, calling it a key step toward protecting homeowners and communities across the state. “The Governor is absolutely correct: we need a ‘whole-of-government’ approach to make continued progress,” Lara said in response ... Read the full article
Mercury targets growth in higher wildfire risk areas with new California rate filing
18th August 2025
Mercury Insurance, a California-based provider of auto and home insurance, has submitted a rate filing for its California Homeowners program, based on the State's Sustainable Insurance Strategy, to expand coverage in high-risk wildfire zones. The filing is the first to use the recently reviewed Verisk Wildfire catastrophe model, which helps estimate ... Read the full article
Mercury Insurance to support Safeco customers as Liberty Mutual adjusts California strategy
7th August 2025
Mercury Insurance, a provider of auto and home insurance based in California, is partnering with Liberty Mutual Insurance, a property and casualty insurer, to help safeguard coverage for thousands of California policyholders. The collaboration comes in response to Liberty Mutual’s decision to revise its personal insurance offerings in the state, affecting ... Read the full article
FortressFire, BMS and EPIC launch Fine Art Wildfire Insurance Program in California
30th June 2025
FortressFire, a provider of wildfire analytics and property-specific protection services, brokers BMS Group and EPIC have come together to launch the Fine Art Wildfire Insurance Program to protect high-value collections in California. This product, officially introduced in June 2025, has been designed for property owners with valuable collections, offering tailored wildfire ... Read the full article
Bamboo Insurance and Incline P&C Group collaborate on homeowners insurance in California
7th April 2025
Bamboo Insurance, a California-based insurance provider specialising in homeowners coverage, has partnered with Incline P&C Group, an insurance programme carrier, to expand insurance capacity in California. This collaboration combines Bamboo’s underwriting platform with Incline’s financial resources. Since its launch in 2018, Bamboo has focused on underwriting in California and will now begin ... Read the full article
Howden Re calls for public-private collaboration to bridge California’s protection gap
11th February 2025
Following the California wildfires, Howden Re, the global reinsurance, capital markets, and strategic advisory arm of Howden, has released a protection gap-focused report emphasising regulatory reforms, risk-based pricing, enhanced risk mitigation, and public-private collaboration as the "only viable path" to restoring stability in the state's insurance market. As per the report, ... Read the full article
Verisk submits wildfire cat model for review whilst new California rules take effect
3rd January 2025
Global data analytics and technology provider, Verisk, has submitted its wildfire catastrophe model for review by the California Department of Insurance (CDI), which recently finalised regulatory changes aimed at stabilising the state's insurance market. If you recall, a new regulation was recently launched in order to help expand insurance access ... Read the full article
Farmers to reopen offering multiple lines coverage to new California customers
13th December 2024
Farmers Insurance has announced it will resume offering coverage for multiple lines of insurance in California to new customers, in a phased reintroduction beginning December 14, 2024. Farmers Insurance’s expanded coverage will include condominium and renters, which will reopen from December 14, 2024; umbrella will reopen from December 24, 2024; landlord ... Read the full article
Amwins and Floodbase launch parametric flood insurance for Californian municipalities
8th October 2024
Amwins, a London-domiciled global speciality distributor, in partnership with insurtech Floodbase, has launched a municipal flood insurance program, designed to insure California municipalities against previously uncovered losses due to atmospheric river flooding. California’s public sector has been largely unprotected from damages caused by atmospheric rivers, which annually on average cost the ... Read the full article
While reinsurance appetite increases, ILS investors appetite in wildfire-exposed transactions remains moderate: GC
14th August 2024
As the California property market experiences a dynamic and challenging time, it faces an escalating risk of wildfires, a peril that needs multiple perspectives in order to understand it, experts stated during Guy Carpenter's recent California Summit event. During the event it was also noted that while reinsurance appetite has increased ... Read the full article
Rising medical costs and state competition challenges stability in US WC insurance: Swiss Re
22nd July 2024
Despite a decade of strong profitability, Laure Forgeron, Chief Underwriting Officer for Casualty at Swiss Re, a global reinsurance company, highlights emerging risks such as rising medical costs and intense competition in states like California, urging insurers to adopt disciplined strategies alongside evolving market conditions to sustain long-term financial health. The ... Read the full article
$7.7bn in losses from extreme heat in California: Commissioner Lara
4th July 2024
Insurance Commissioner Ricardo Lara has released a comprehensive report revealing $7.7 billion in losses from extreme heat events in California, highlighting the urgent need for adaptive strategies to address this growing threat. Commissioner Lara stated, “Extreme heat is a silent, escalating disaster that threatens our health, economy, and way of life ... Read the full article
California FAIR Plan to add commercial policies starting July
26th June 2024
The California FAIR Plan Association, a consortium of all insurers licensed to provide property insurance in the state, will expand its clearinghouse to include commercial policies such as those for farms and condominiums, beginning July 1. This expansion follows the enactment of Senate Bill 505 (Rubio) in 2023, reflecting a concerted ... Read the full article
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