Why California's home insurance crisis may start improving by 2026

Why California's home insurance crisis may start improving by 2026 California’s Department of Insurance is preparing to roll out key regulatory reforms aimed at stabilizing the state’s troubled homeowners insurance market. Insurance Commissioner Ricardo Lara says the changes—part of the state’s “Sustainable Insurance Strategy”—will allow insurers to use catastrophe modeling and reinsurance cost calculations, but only if they agree to expand coverage in high wildfire-risk areas. Approval of these tools is expected by the end of July, with market improvements projected by late 2025. #CaliforniaInsurance #HomeInsuranceCrisis #WildfireRisk #RicardoLara #InsuranceReform #CatastropheModeling #FAIRPlan #CaliforniaNews #ToThePoint #ABC10