In recent years, the number of home insurance policies written by California's surplus line carriers has fluctuated from a high of nearly 60,000 in 2018 to a low of fewer than 20,000 in 2021. In 2023, the number of homes covered by the surplus lines sector hovered around 39,000. Credit: Mario Cobian/Adobe Stock In recent years, the number of home insurance policies written by California's surplus line carriers has fluctuated from a high of nearly 60,000 in 2018 to a low of fewer than 20,000 in 2021. In 2022, the number of homes covered by the surplus lines sector hovered around 39,000. Credit: Mario Cobian/Adobe Stock

California's home insurance market witnessed seismic changes in recent years as major insurance carriers pulled back or completely exited a state. In addition to its long-standing wildfire risks, the state is battling a myriad of impactful factors, such as inflation and rising construction costs, that are rocking home insurance markets nationwide.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]