Alarming New Data Reveals Record Number of Homeowners Dropped by Insurers: 'The Private Insurance Industry Is Still Cherry-Picking'

Alarming new data reveals record number of homeowners dropped by insurers: 'The private insurance industry is still cherry-picking'

California has surpassed Florida as the U.S. state with the weakest property insurance market, according to E&E News by Politico, leaving many residents and businesses without coverage or with no other alternative but to turn to the state-run insurer of last resort. What's happening? Private insurers are continuing to withdraw from high-risk areas in California, even though the state enacted new policies this year to address the struggling insur…

Politico - Consumer groups sue California to recoup compensation for fire insurance work

By CAMILLE VON KAENEL, POLITICO https://subscriber.politicopro.com/article/2025/07/consumer-groups-sue-california-to-recoup-compensation-for-fire-insurance-work-00485785?site=pro∏=alert&prodname=alertmail&linktype=headline&source=email Two consumer advocacy groups sued California Insurance Commissioner Ricardo Lara on Tuesday for denying them compensation for their involvement in crafting new insurance rules aimed at keeping property insurers in…