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Oklahoma Voice: California’s ‘last resort’ property insurer seeks rate hike, ringing national alarm bells

Summary by Duncan Banner
In recent years, hundreds of thousands of Californians have purchased home insurance from a state-managed “last resort” insurance pool that has grown rapidly as private insurance companies have fled the market.

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Oklahoma Voice: California’s ‘last resort’ property insurer seeks rate hike, ringing national alarm bells

In recent years, hundreds of thousands of Californians have purchased home insurance from a state-managed “last resort” insurance pool that has grown rapidly as private insurance companies have fled the market.

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  • 100% of the sources lean Left
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Duncan Banner broke the news in on Wednesday, October 29, 2025.
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