Farmers Insurance promises to write more California home insurance policies ahead of planned reforms
https://www.siliconvalley.com/2024/12/11/farmers-insurance-promises-to-write-more-california-home-insurance-policies-ahead-of-planned-reforms/
Farmers Insurance plans to start writing more home insurance policies in California ahead of regulatory reforms set for next year, the state’s second-largest homeowners insurance provider announced Wednesday.
In 2023, Farmers capped the number of new homeowner insurance customers it accepted at 7,000 a month, and paused writing policies for condo and renters insurance. The company said it’s now committed to writing 9,500 new homeowners policies each month. And starting Dec. 14, it plans to insure additional condos and renters before writing new coverage for other types of insurance it had halted.