The state's regulator and a leading consumer advocacy group are parties to the settlement, which also addresses non-renewals following the January 2025 wildfires.

SB 1301 and SB 1076, addressing home insurance non-renewals, follow earlier proposals about smoke claim damage standards, the state's home insurance of last resort, and standards for prompt payment of claims. Also, insurance commissioner clarifies restrictions on consumer advocate compensation.

California AB 1795, the Smoke Damage Recovery Act, would make home insurance more expensive and push more policyholders onto the state's insurer of last resort, according to an insurance industry attorney.

The actuarial profession is at an inflection point as actuaries focus on sustainability, implementing AI and collaborating across company infrastructures.

Insurers learned that 2025 was about regaining balance and 2026 will be about redefining value for customers with better data, tools and insights.

California assembly insurance committee chair and the state's insurance commissioner propose measure to improve claims handling, coverage options and transparency for wildfire survivors.

Insurance commissioner Ricardo Lara, responding on social media, said tariffs and ICE raids are making rebuilding more difficult. Advocates also point to federal disaster relief that has been held back.

Without coverage, mortgage lenders could refuse to back home sales. Also, separate wildfire coverage could fall to the public sector.

Legislation cites non-renewals based on "inaccurate, outdated or misleading images."

Representatives of both insurers and policyholders point out multiple flaws in the new laws and additional proposed bills.

Representatives of both insurers and policyholders point out issues with market forces and challenges to addressing coverage costs.

Traditional factors like artificial intelligence, cybersecurity and business interruption highlight what's on business executives' risk radar in 2026.

Governor Ron DeSantis and state officials attribute lower premiums for the state's home insurer of last resort, and lower home and auto premiums overall, to the state's tort reform instituted in December 2023.

Kyle Busch's lawsuit against Pacific Life and his former insurance agent provides a window into potential issues around complexity, suitability and more in indexed universal life policies.

Insurers point to billions of dollars in claims paid, while wildfire survivors advocates say many haven't yet received what they are due.

New proposed legislation focuses on accelerating wildfire catastrophe claims payments, transparency of claims decisions, penalties for insurers delaying claims payments.

As Washington revisits the tax-favored status of health benefits, a longtime policy expert explains why replacing group plans could cost far more.

Changing communication methods like the use of emojis present a growing compliance risk in regulated industries where interactions are subject to scrutiny.

Increases ranging from 0.9% to 8.8% are necessary to maintain the insurer's past level of operating profit, according to its filings with state regulators.