Daily Fintech Conversations

Can industry changes soften a hard property insurance market in California?

Originally published at: https://dailyfintech.com/2020/01/09/can-industry-changes-soften-a-hard-property-insurance-market-in-california/

There are suggestions of hardening markets for US property insurance participants, and there is no better example of this than what is occurring in California. Non-renewals in wildfire prone areas, premium increases, reductions in coverage and the seeming ultimate reaction- regulatory prohibition of policy non-renewals. How did the state get to this point, and is…