In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.

The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies in zip codes affected by the Los Angeles-area wildfires.

California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit by the apocalyptic wildfires that continued to sow destruction as of