The partnership arrives at a specific moment of market stress. Admitted carriers have retreated aggressively from high-value personal lines in California, Florida and Texas – the three states with the highest concentrations of high-net-worth households – pushing affluent personal lines into the surplus market at the moment demand is accelerating. Some wealthy homeowners have turned to non-admitted coverage as traditional insurers raised deductibles, restricted storm payouts or exited states exposed to wildfires and hurricanes. Non-admitted products originally designed for businesses with unusual risks have expanded substantially as a result. Average annual home insurance costs are projected to reach $3,057 by December 2026, per Insurify’s 2026 Insuring the American Homeowner Report, up 4% from $2,948 at year-end 2025, with premiums rising in 45 states in 2025 alone.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.