Karl Susman termed Farmers' move a "good-faith gesture" indicative of impending regulatory changes, anticipating a shift in the insurance landscape towards a more open market.
Michael Soller highlighted that Farmers' adjustments directly reflect the positive outcomes from new regulations aimed at increasing insurance coverage in wildfire-prone areas.
Behram Dinshaw from Farmers Insurance expressed commitment to improving coverage in California as they prepare for upcoming regulations under the Sustainable Insurance Strategy.
In light of new measures, Susman anticipates that other insurance carriers will likely follow Farmers' lead, indicating a potential shift in California's insurance market dynamics.
#insurance-regulations #wildfire-coverage #california-insurance-market #farmers-insurance #sustainable-insurance-strategy
Collection
[
|
...
]