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Allstate and Farmers Commit to California Insurance Reforms

9/28/2025

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Summary

Story summary

Allstate and Farmers pledge to stay in California after reforms addressing the insurance crisis.
The reforms let insurers use catastrophe likelihood when pricing premiums; California Insurance Commissioner Ricardo Lara emphasizes coverage in high-risk wildfire areas.
A mitigation grant program would help homeowners reduce wildfire risk and lower insurance costs; aerial-surveillance concerns persist without homeowner consent.

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Story summary

Allstate and Farmers pledge to stay in California after reforms addressing the insurance crisis.
The reforms let insurers use catastrophe likelihood when pricing premiums; California Insurance Commissioner Ricardo Lara emphasizes coverage in high-risk wildfire areas.
A mitigation grant program would help homeowners reduce wildfire risk and lower insurance costs; aerial-surveillance concerns persist without homeowner consent.