Homeowners' insurance

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Following media reports last week that AAA had plans to pull out of the Florida insurance market entirely, the home and auto carrier "set the record straight” on Monday.

The practice is banned under present legislation, which carriers say has led to unprofitability and continued recent exits from new homeowners’ business.

Farmers Insurance becomes the latest major national carrier to pump the brakes in California, limiting new business to only 7,000 policies per month, signaling further problems in the state’s homeowners’ market.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Sources said the Japanese insurer will pull back from the California personal auto market in June 2025 as it is set to exit the state’s admitted personal lines market on June 1, 2026.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The decision applies only to policies issued through the company’s exclusive agency distribution channel.

The news comes just over a month after two other large carriers, State Farm and Allstate, announced that they’d no longer accept new business in the state.

Inside P&C’s news team runs you through the key highlights of the week.

Personal lines underperform predictions, while brokers and InsurTechs are a positive surprise (for now).

Inside P&C’s morning summary of the key stories to get you up to speed fast.