Finally, good news about home insurance.
Zurich US has submitted a commercial property insurance rate filing under California’s Sustainable Insurance Strategy. It is one of the first large commercial carriers to join the state’s effort to stabilize its insurance market.
The strategy was created by California Insurance Commissioner Ricardo Lara. It is designed to expand the availability of residential and commercial property insurance in higher-risk and underserved areas across the state.
And they are not the only one. Six major insurers have sought rate increases in exchange for commitments to write more business in wildfire-distressed areas.
Click on the links below to read the full articles:
California Department of Insurance Information:
https://www.insurancebusinessmag.com/us/companies/california-department-of-insurance/535034/
