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The proposal is part of California Insurance Commissioner Ricardo Lara's goal to enact insurance reform during 2024.

Sustainable insurance withstands catastrophic events while enabling insurers to conduct business and plan for the future.

'We came so close,' said general counsel for the Independent Insurance Agents & Brokers of California.

Part 2 of 3: This 2023 Workers Comp Risk Management Award winner underscores the impact of proactive mental health care.

Berkshire Hathaway's AmGUARD as well as Falls Lake Fire & Casualty are pulling out of the state's beleaguered home insurance sector.

Increased wildfire risks, economics and an inability to increase coverage rates as needed are leaving California homeowners exposed.

The market withdrawal will take 13 months to play out, according to the Hawaii Department of Commerce and Consumer Affairs.

The company will continue operating other commercial lines for small- and medium-sized businesses in the state.