California Home Insurance Market Struggles as Two More Companies Exit
TL;DR Summary
Two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., both units of Japan-based Tokio Marine Holdings Inc., are set to withdraw from California's property insurance market in July, impacting 12,556 policies with premiums of $11.3 million, further straining the state's already challenged insurance market.
Topics:business#california#insurance-market#market-withdrawal#property-insurance#tokio-marine-america-insurance-co#trans-pacific-insurance-co
- California Sees Two More Property Insurers Withdraw From Market Bloomberg
- 2 more insurance companies announce plans to leave California KTLA Los Angeles
- Bay Area home insurance non-renewed for post-earthquake fire risk San Francisco Chronicle
- Homeowners Insurance Market Stretched Even Thinner as 2 More Companies Leave California KQED
- Insurance woes impacting San Diego real estate market CBS News 8
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
0 min
vs 1 min read
Condensed
31%
70 → 48 words
Want the full story? Read the original article
Read on Bloomberg