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As it stands, the insurtech has roughly 170,000 home insurance policies in the state.

Cities around the world have seen record rainfall 139 times in 2023.

Although they were less common, fire and lightning claims were the losses with the highest claims severity from 2017-2021.

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

Reinsurers' premium growth was mostly driven by rate increases and not exposure growth during 2022, according to AM Best.

Growing catastrophe losses combined with rate inadequacy are masking the true risks facing nearly 40 million properties.

The South and parts of the Midwest are less vulnerable compared to parts of New Jersey and Illinois, which are most at-risk.

The first half of 2023 saw above-average natural catastrophe losses, while secondary perils added further pressure.