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Homeowners in the Golden State must navigate insurance instability and uncertainty with care.

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

Collectively, the four small insurers currently hold around 43,400 home policies in the state.

Insurers under a new plan have agreed to write at least 85% of their California market share in high-risk zones.

The sector's success is largely pegged to a favorable pricing environment and growing demand from hard to place risks.

The proposed reforms show a sea change from where the California Department of Insurance was six months ago.

The order tasks the insurance commissioner with improving the rate approval process, a long-time sticking point with carriers in the state.

The one-year moratorium will impact more than 15,000 policyholders in Del Norte and Siskiyou counties.