nonrenewals

California Expands Moratorium on Homeowners Insurance Cancellations, Non-Renewals – Go Health Pro

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California Expands Moratorium on Homeowners Insurance Cancellations, Non-Renewals – Go Health Pro

California Insurance Commissioner Ricardo Lara expanded emergency insurance protections for Southern California homeowners, adding new ZIP Codes to those already under a mandatory one-year moratorium on insurance non-renewals and cancellations. The expanded order shields those within the perimeters or adjoining ZIP Codes of the Palisades, Eaton, Hurst, Lidia, Sunset and Woodley fires in Los Angeles … Read more

CEA risk transfer shrinks 6% more to $7.99bn on non-renewals. To re-evaluate at 1/1 – Go Health Pro

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CEA risk transfer shrinks 6% more to .99bn on non-renewals. To re-evaluate at 1/1 – Go Health Pro

The California Earthquake Authority (CEA) did not come back to the reinsurance market at its typical October 1st renewal, allowing roughly $511 million of cover to expire and it now expects to re-evaluate its risk transfer need at the January renewals, meaning a $215 million catastrophe bond will likely mature without renewal later this month.As … Read more

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