While QBE accounted for just 0.36% of the state’s home insurance market in 2024, its departure adds to a series of withdrawals that have reshaped coverage availability in California. Major insurers including State Farm and Allstate have already scaled back or stopped new business in recent years, citing rising wildfire risks, inflation-driven repair costs, and regulatory constraints on pricing.
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.