Homeowners in California, Colorado, and Oregon continue to face non-renewals and premium spikes as insurers pull back from wildfire-prone areas. State-run insurers of last resort are seeing record policy counts.
Regulators are exploring ways to keep private insurers in the market, including allowing catastrophe modeling in rate setting and approving reinsurance cost pass-throughs.
Homeowners are advised to invest in home hardening measures like ember-resistant vents, defensible space, and fire-resistant roofing to improve insurability.
