California property insurance market News

Bad Press, Claims Issues, Halt on New Business Giving Industry Another Black Eye?

It’s no secret that the U.S. property/casualty insurance industry does not always enjoy a sterling reputation among consumers. As one insurance professor recently put it, the industry’s rank in public opinion is somewhere between that of a personal injury lawyer …

California’s Fair Plan Balks at State’s ‘Misguided’ Order to Expand Coverage

The insurers behind California’s Fair Plan, the insurance market of last resort for homeowners, think it’s a bad idea to broaden the coverages available from the Fair Plan beyond basic dwelling fire insurance, an expansion being ordered by the state’s …

XL Catlin, Bamboo Insurance to Provide Property Coverage In California

XL Catlin and new insurtech-focused program administrator Bamboo Insurance have entered into an underwriting agreement to provide property insurance in California. Bamboo Insurance is a California-based program administrator focused on distribution of personal lines products within California. Through the XL …