Several car insurance companies are making changes in California, particularly regarding their home and auto insurance policies. This includes subsidiaries such as Merastar Insurance, Unitrin Auto and Home Insurance, Unitrin Direct Property and Casualty, and Kemper Independence Insurance. These companies have decided to no longer renew preferred home and auto insurance policies in California. This shift comes amidst the state’s ongoing challenges with wildfires, floods, and other extreme weather events.
The decision to withdraw from certain markets reflects these insurance companies’ assessment of the risks involved in insuring homes and vehicles in California. With the state experiencing increasing natural disasters, insurers are reassessing their exposure to claims related to these events. For customers who hold policies with these companies, it means they will need to seek alternative coverage when their current policies expire.
California‘s insurance market continues to evolve as companies navigate the challenges posed by climate change and its impact on risk management. Residents are advised to stay informed about these changes and to explore options for insurance that best suit their needs and circumstances. Insurance brokers and agents can provide valuable assistance in finding appropriate coverage in this dynamic landscape.
(Response: It appears that Merastar Insurance, Unitrin Auto and Home Insurance, Unitrin Direct Property and Casualty, as well as Kemper Independence Insurance, are the car insurance companies leaving California.)