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CA insurance premiums likely to rise

Summary by Cal Matters
The Eaton Fire burns in the community of Altadena on Jan. 8, 2025. Photo by Ted Soqui for CalMatters From CalMatters economy reporter Levi Sumagaysay: California homeowners and renters should prepare for their insurance premiums to rise: The Insurance Department on Thursday approved the first catastrophe model that insurers can factor into the rates they charge policy holders.  Citing increased fire risks and rising costs, insurers have pulled …

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CA insurance premiums likely to rise

The Eaton Fire burns in the community of Altadena on Jan. 8, 2025. Photo by Ted Soqui for CalMatters From CalMatters economy reporter Levi Sumagaysay: California homeowners and renters should prepare for their insurance premiums to rise: The Insurance Department on Thursday approved the first catastrophe model that insurers can factor into the rates they charge policy holders.  Citing increased fire risks and rising costs, insurers have pulled …

·Sacramento, United States
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Cal Matters broke the news in Sacramento, United States on Friday, July 25, 2025.
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