California Home Insurer Allowed to Drop 1,300-Plus Policies in High Wildfire Risk Areas | Insu
A year after a series of wildfires ripped through the
On
The move will "result in the non-renewal of 1,363 policies," the insurer stated in the request it filed with the
Previously, homes with Verisk FireLine scores of 7 or higher weren't eligible for coverage. Now, homes with FireLine scores of 3 or higher will be ineligible.
Where homeowners will have to seek new coverage
ZIP codes with the highest number of affected policyholders are largely in areas that
Communities in the
Other communities where First Select policies won't renew include:
Insurer says it will follow one-year moratorium on non-renewals and cancellations
A 2018 state law bars home insurance companies from canceling or non-renewing coverage on affected homes for one year following a governor-declared wildfire emergency. California Insurance Commissioner
The protections expire one year after the governor declares a state of emergency —
In its state filing, Standard Guaranty stated it will abide by the moratorium as it issues non-renewals. None of the ZIP codes where the insurer intends to drop policies are in the state's list of areas protected due to the
What's next: 75 days' notice for affected homeowners
Once affected First Select policyholders receive a non-renewal notice, they'll have 75 days before their coverage ends, Standard Guaranty said in its state filing.
Sometimes, insurers provide policyholders with options that allow them to continue coverage, such as making risk-mitigation home improvements. Standard Guaranty won't be providing that type of option, the insurer told regulators.
Reform efforts from Lara's insurance department have made some progress toward mitigating the state's insurance crisis. Some large insurers that had either reduced their business in the state or left it altogether have begun selling policies in



Baker retires from Grinnell Mutual
SPEECH BY VICE CHAIR FOR SUPERVISION BOWMAN ON MODERNIZING SUPERVISION AND REGULATION
Advisor News
- How PEPs compare with traditional 401(k)s
- Allianz studies why 42% of Americans retire sooner than expected
- Why advisors should be talking about life settlements
- Millennials are ready to bring their advisor to the family table
- How healthcare inflation can eat up a client’s retirement income
More Advisor NewsAnnuity News
- NAIC regulators continue pushing for annuity illustration updates
- Wink: Flat first-quarter annuity sales fall just short of $100B
- 26North Re Agrees to Acquire 100% of Independent Insurance Group
- Matthew Michelini named Athene president, with an eye on annuity growth
- Lincoln Financial Announces Executive Leadership Transitions
More Annuity NewsHealth/Employee Benefits News
- Arizona AG Mayes accuses health insurance companies of price fixing
- Tom Campbell: We're paying too much for poor health care
- Self-pay and dental care: Can paying cash without insurance help you save?
- These Connecticut-based companies made this year's Fortune 500 list with revenue up to $275 billion
- Surgery transforms epilepsy patient's life
More Health/Employee Benefits NewsLife Insurance News
- Prudential announces more layoffs as insurer continues to restructure
- Pradip Patiath Joins Securian Financial Board of Directors
- Over $107 million in life insurance benefits located for Tennesseans in 2025
- Study Data from National Institutes of Health Provide New Insights into Law and the Biosciences (Taking actuarial fairness seriously: what is required for the ethical use of genetics in insurance?): Legal Issues – Law and the Biosciences
- 26North Re Agrees to Acquire 100% of Independent Insurance Group
More Life Insurance News