How California’s Homeowners’ Insurance Market Collapsed – and How to Fix It
July 1, 2025
Embassy Suites by Hilton, Sacramento, CA
July 1, 2025
When xxxxx
July 1, 2025
Tuesday, July 1, 2025
9am - 12pm PDT
Location
Embassy Suites by Hilton, Sacramento, CA
Join us on Tuesday, July 1, 2025 at 09:00 AM in Embassy Suites by Hilton Sacramento Riverfront Promenade to discuss the challenges facing California’s homeowners’ insurance market. Learn about the factors that led to its collapse and explore potential solutions to fix it. This in-person event will feature expert speakers and interactive discussions aimed at finding practical ways to address the issues. Don’t miss out on this opportunity to be part of the conversation and help shape the future of homeowners’ insurance in California!
Read the report: “Why California’s Homeowners’ Insurance Market Collapsed—and How to Fix It,” by Kristian Fors.
Agenda
Opening Remarks: The 2025 LA Fires’ impact and aftermath.
Session 1: Proposition 103, the California Department of Insurance, the California Insurance Commissioners, Harvey Rosenfield, and the regulatory failures that have driven the chaotic collapse of the state’s property insurance markets.
Session 2: Government prior approval of rates versus the free market, a national perspective.
Break
Session 3: The elements of Prop 103 that need to be reformed and the process to do so.
Q&A with panel of speakers
Kristian Fors
Lawrence S. Powell
Karl Susman
Sam Sorich
Why California’s Homeowners’ Insurance Market Collapsed—and How to Fix It
By Kristian Fors
California is facing a property insurance crisis. During the past several years, owing to devastating loss events, the inefficiency and burdens of California’s insurance regulations have become alarmingly evident. Since 2022, seven of the twelve largest insurance companies in California have limited new policies in the state. The state’s dire straits have been amplified by the recent devastating wildfires in Los Angeles, which destroyed billions of dollars in structures and took more than two dozen lives.
