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Our comprehensive database tracks insurance companies that have announced exits from the California market, providing essential information for policyholders and industry analysts.
Each listing includes details about the company's website, description, service offerings, and industry classification. This research helps you identify which providers are leaving the state and potential alternatives for your insurance needs.
All information has been verified and updated for 2025 to ensure you have access to current and reliable data about the changing California insurance landscape.
Company | Company Description | Industry Type | Exit Reason | Date of Exit Announcement | Impact on Customers | Replacement Options | Financial Performance | Market Share |
|---|---|---|---|---|---|---|---|---|
Fox Business | Fox Business, officially known as Fox Business Network (FBN), is an American conservative business news channel and website publication owned by Fox News Media, a division of Fox Corporation. Launched on October 15, 2007, the network primarily broadcasts from studios in Midtown Manhattan and feature sources: 1 | Other sources: 1 | – | – | The exit of Fox Business from California could significantly impact its customers, particularly in the insurance sector. Several insurance companies, including major players, have either fled California or reduced their coverage options due to rising risks and regulatory challenges. This has led to sources: 1 2 3 | – | $14.91 billion sources: 1 2 3 | – |
American National | American National is a group of companies founded in 1905 and headquartered in Galveston, Texas. It offers a wide range of insurance products and services, including life insurance, annuities, pension products, and property and casualty insurance, operating in all 50 states. The company is known for sources: 1 2 3 4 | Property Insurance sources: 1 | American National is leaving California primarily due to ongoing financial losses in the homeowners' insurance market. The company, based in Texas, has decided to stop offering homeowners' insurance in California and eight other states as part of a broader strategy to mitigate these losses. This dec sources: 1 | American National announced its decision to leave California on February 29, 2024. sources: 1 | American National's exit from the homeowners insurance market in California will significantly impact its customers. The company has decided to withdraw its homeowners insurance products from all states, including California, following a previous announcement to exit the market in nine states. This sources: 1 | American National is exiting the life insurance business and has halted the sale of new life insurance policies. Customers affected by this exit may consider alternatives such as seeking coverage from other insurance providers that offer similar products. The company has not specified direct replace sources: 1 2 3 | $4.39 billion sources: 1 2 | 0.28% sources: 1 2 |
AmGUARD Insurance | AmGUARD Insurance, established in 1982, is a key member of the Berkshire Hathaway GUARD Insurance Companies. The company specializes in providing commercial insurance solutions tailored for small businesses across various industries. Over the years, AmGUARD has built a reputation for its commitment sources: 1 2 3 | Property Insurance sources: 1 | AmGUARD Insurance is leaving California primarily due to a combination of economic, regulatory, and market factors. The company has stopped writing homeowners policies in California as of 2023, citing rising business risks, particularly related to increasing replacement costs and the inability to ra sources: 1 2 3 | August 21, 2023 sources: 1 2 3 | AmGUARD Insurance Company is exiting the California market and will no longer write personal line policies in the state. This means that customers will lose their homeowners insurance policies when they come up for renewal. Additionally, AmGUARD is barred from filing a replacement homeowners program sources: 1 2 3 | AmGUARD Insurance has announced its withdrawal from the personal lines marketplace, effective July 8, 2024. Customers affected by this exit may consider the following alternatives and replacement options:
Transitioning to Other Insurers: Customers can look for other insurance providers that offer s sources: 1 2 3 4 5 | $1,910,328,450 sources: 1 2 | 0.6% sources: 1 2 3 |
CSE Insurance Group | CSE Insurance Group, founded in 1949 by Nelson Nichols, is an American provider of property and casualty insurance headquartered in Walnut Creek, California. Initially focused on serving government employees, such as firefighters and police officers, the company expanded its offerings to the general sources: 1 2 | Property Insurance sources: 1 | CSE Insurance Group has decided to leave California primarily due to the ongoing insurance crisis in the state, which has been characterized by increasing costs and regulatory challenges. The company ceased writing new homeowners insurance policies as of October 9, 2022, and began phasing out auto i sources: 1 2 3 4 | CSE Insurance Group announced its decision to leave California on October 9, 2022, when it stopped writing homeowners insurance policies and began phasing out auto insurance renewals. sources: 1 2 3 | CSE Insurance Group's exit from California will significantly impact its customers as the company has announced it will not be renewing policies for its policyholders in the state. This decision is part of a broader withdrawal from neighboring states, including Arizona and Nevada. Customers will nee sources: 1 | CSE Insurance Group has announced that it will stop writing homeowners insurance policies in California as of October 9, 2023, and will not renew auto insurance policies in the state. As for alternatives or replacement options for affected customers, the company has not specified any direct alternat sources: 1 2 3 | $52.5M sources: 1 2 | sources: 1 2 3 4 |
Merced Property & Casualty Company | Merced Property & Casualty Company was an insurance provider that has since been found insolvent and ordered into liquidation. The California Insurance Guarantee Association (CIGA) is currently managing the claims related to the company. Due to its liquidation status, there are no ongoing services o sources: 1 | Property Insurance sources: 1 | Merced Property & Casualty Company is leaving California primarily due to insolvency, which was exacerbated by the financial impact of the Camp Fire, one of the deadliest wildfires in California history. The company was unable to meet its obligations to policyholders following the extensive claims r sources: 1 2 3 | The Merced Property & Casualty Company announced its decision to leave California on November 30, 2018, when the California Insurance Commissioner filed a petition to place the company into liquidation. sources: 1 2 3 | The exit of Merced Property & Casualty Company, which was ordered into liquidation, will significantly impact its customers in California. The California Insurance Guarantee Association (CIGA) will manage certain claims for affected policyholders. However, CIGA does not cover all types of claims, su sources: 1 2 3 4 5 | Customers affected by the liquidation of Merced Property & Casualty Company should seek coverage with another insurance provider immediately. The California Insurance Guarantee Association (CIGA) is responsible for managing claims from the liquidation and can provide guidance on how to proceed. It i sources: 1 2 | – | – |
Northwestern National Insurance Company | Northwestern National Insurance Company was an insurance provider that ultimately became insolvent and was ordered into liquidation. The California Insurance Guarantee Association (CIGA) is currently managing claims for policyholders and claimants affected by this liquidation. The company’s history sources: 1 | Property Insurance sources: 1 | Northwestern National Insurance Company is leaving California primarily due to its insolvency, which led to its liquidation. The company was ordered into liquidation on May 2, 2019, by the Dane County Circuit Court in Wisconsin. This decision was influenced by various economic and regulatory factors sources: 1 2 3 | The Northwestern National Insurance Company was found insolvent and ordered into liquidation on May 2, 2019. This date marks the company's decision to leave California as part of the liquidation process. sources: 1 2 3 | The exit of Northwestern National Insurance Company, which was ordered into liquidation, will significantly impact its customers in California. The California Insurance Guarantee Association (CIGA) will manage certain covered claims for policyholders. CIGA specifically covers property, casualty, and sources: 1 2 | Customers affected by the liquidation of Northwestern National Insurance Company can seek assistance from the California Insurance Guarantee Association (CIGA), which manages claims for policyholders. CIGA provides information on how to file claims and may offer guidance on finding alternative insur sources: 1 2 3 | – | – |
Maidstone Insurance Company | Maidstone Insurance Company was an insurance provider that ultimately became insolvent and was ordered into liquidation. The company’s claims are currently being managed by the California Insurance Guarantee Association (CIGA). Due to its insolvency, Maidstone Insurance Company does not have ongoing sources: 1 | Property Insurance sources: 1 | Maidstone Insurance Company is leaving California primarily due to its insolvency, which led to its liquidation. The company was ordered into liquidation by the Supreme Court of the State of New York on February 13, 2020, after being found unable to meet its financial obligations. This situation ref sources: 1 2 3 | – | The exit of Maidstone Insurance Company, which was ordered into liquidation, will significantly impact its customers in California. The California Insurance Guarantee Association (CIGA) will manage certain claims for policyholders affected by this liquidation. However, CIGA does not cover all types sources: 1 | Customers affected by the liquidation of Maidstone Insurance Company can seek alternatives through the California Insurance Guarantee Association (CIGA), which provides assistance in navigating the insolvency process. CIGA helps policyholders find replacement coverage and ensures that claims are hon sources: 1 2 3 | – | – |
Bedivere Insurance Company | Bedivere Insurance Company was an insurance provider that ultimately became insolvent and was ordered into liquidation. The California Insurance Guarantee Association (CIGA) is currently managing the claims related to the company. Due to its insolvency, there are no ongoing services or notable achie sources: 1 | Property Insurance sources: 1 | Bedivere Insurance Company is leaving California primarily due to its insolvency and subsequent liquidation, which was ordered by the Pennsylvania Commonwealth Court on March 11, 2021. The company had been in run-off for approximately ten years prior to this decision, indicating ongoing financial di sources: 1 2 3 4 | – | The exit of Bedivere Insurance Company will significantly impact its customers in California. Following the company's liquidation, which was ordered on March 11, 2021, the California Insurance Guarantee Association (CIGA) will manage certain claims for affected policyholders. Here are the key points sources: 1 2 3 4 5 | Customers affected by the liquidation of Bedivere Insurance Company can seek assistance from the California Insurance Guarantee Association (CIGA). CIGA provides a process for policyholders to file claims and may cover certain claims depending on the type of insurance. Affected customers should cont sources: 1 2 3 | – | – |
Gateway Insurance Company | Gateway Insurance Company was a property and casualty insurance provider that ultimately became insolvent and was ordered into liquidation. The California Insurance Guarantee Association (CIGA) is currently managing claims for policyholders and claimants affected by this liquidation. The company’s h sources: 1 | Property Insurance sources: 1 | Gateway Insurance Company is leaving California primarily due to insolvency, which led to its liquidation. The company was declared insolvent on June 10, 2020, and the liquidation process is being managed by the California Insurance Guarantee Association (CIGA). This situation reflects broader econo sources: 1 2 | Gateway Insurance Company was found insolvent and ordered into liquidation on June 10, 2020. However, there is no specific announcement date regarding their decision to leave California mentioned in the available sources. sources: 1 | The exit of Gateway Insurance Company, which was ordered into liquidation on June 10, 2020, will significantly impact its customers in California. The California Insurance Guarantee Association (CIGA) will handle certain claims for policyholders affected by this liquidation. CIGA is a not-for-profit sources: 1 2 | Customers affected by the liquidation of Gateway Insurance Company can seek assistance from the California Insurance Guarantee Association (CIGA). CIGA provides coverage for claims related to liability, auto, and workers' compensation after an insurance company is placed in liquidation. Policyholder sources: 1 2 | $10 million sources: 1 | – |
Global Liberty Insurance Company of NY | Global Liberty Insurance Company of NY was an insurance provider that has since been found insolvent and ordered into liquidation. The California Insurance Guarantee Association (CIGA) is currently managing the claims related to the company. Due to its liquidation status, there are no ongoing servic sources: 1 | Property Insurance sources: 1 | Global Liberty Insurance Company of NY is leaving California due to its insolvency, which led to its liquidation. The company was ordered into liquidation on October 12, 2021, after being found unable to meet its financial obligations. This decision was influenced by several factors, including regul sources: 1 2 3 | The Global Liberty Insurance Company of NY was ordered into liquidation on October 12, 2021, and the cancellation of all existing insurance policies was effective December 13, 2021. However, the specific date of the announcement regarding their decision to leave California is not explicitly mentione sources: 1 2 | The exit of Global Liberty Insurance Company of NY, which was ordered into liquidation, will significantly impact its customers in California. The California Insurance Guarantee Association (CIGA) will manage certain claims for affected policyholders. However, CIGA does not cover all types of claims sources: 1 | Customers affected by the liquidation of Global Liberty Insurance Company of NY should contact their insurance agent or financial adviser immediately to secure alternative insurance options. All in-force policies were canceled as of December 12, 2021, and customers are advised to seek new coverage t sources: 1 2 | – | – |
Highlands Insurance Company | Highlands Insurance Company was an insurance provider that ultimately became insolvent and was ordered into liquidation. The company’s claims are currently being managed by the California Insurance Guarantee Association (CIGA). Due to its liquidation status, there are no ongoing services or notable sources: 1 | Property Insurance sources: 1 | Highlands Insurance Company is leaving California primarily due to its insolvency, which led to its liquidation. The company was ordered into liquidation on October 29, 2021, by the 53rd Judicial District Court of Travis County, Texas. This decision was influenced by several economic and regulatory sources: 1 2 | Highlands Insurance Company was ordered into liquidation on October 29, 2021, which effectively marks the date of their decision to leave California. sources: 1 2 | The exit of Highlands Insurance Company, which was ordered into liquidation on October 29, 2021, will significantly impact its customers in California. The California Insurance Guarantee Association (CIGA) will manage certain claims for policyholders affected by this liquidation. CIGA is a not-for-p sources: 1 2 3 | Customers affected by the liquidation of Highlands Insurance Company can seek assistance from the California Insurance Guarantee Association (CIGA). CIGA provides support by managing claims for policyholders and may help facilitate the transition to new insurance coverage. Affected customers are enc sources: 1 2 3 | – | – |
Americas Insurance Company | Americas Insurance Company was a property insurance provider based in Louisiana. The company faced financial difficulties and was placed into receivership in January 2022. It primarily offered property insurance services but struggled to maintain its operations due to these financial issues. Notable sources: 1 | Property Insurance sources: 1 | Americas Insurance Company is leaving California primarily due to severe financial troubles that led to its placement into receivership in January 2022 and subsequent liquidation in June 2022. The broader context of the California insurance market also plays a significant role. The state has been ex sources: 1 2 3 | The Americas Insurance Company was ordered into liquidation on June 23, 2022, which indicates the date of their decision to leave California. sources: 1 2 | The exit of Americas Insurance Company, which was ordered into liquidation on June 23, 2022, will significantly impact its customers in California. The California Insurance Guarantee Association (CIGA) will handle certain claims for policyholders affected by this liquidation. CIGA is a not-for-profi sources: 1 | Customers affected by the exit of Americas Insurance Company can expect to be contacted by a court-appointed receiver or their insurance agent regarding claims and the status of their policies. There is a possibility that their policies may be transferred to another insurer, similar to arrangements sources: 1 2 | – | – |
Arrowood Indemnity Company | Arrowood Indemnity Company was an insurance provider that has since been found insolvent and ordered into liquidation. The company was involved in providing various insurance services, but due to financial difficulties, it ceased operations. The California Insurance Guarantee Association (CIGA) now sources: 1 | Casualty Insurance sources: 1 | Arrowood Indemnity Company is leaving California primarily due to its insolvency, which was officially declared by the Delaware Court of Chancery on November 8, 2023. The company was ordered into liquidation, which is a process that typically involves winding down operations and settling debts. This sources: 1 2 3 4 | The Arrowood Indemnity Company announced its decision to leave California on November 8, 2023, when it was placed into liquidation by the Delaware Chancery Court. sources: 1 2 3 4 5 6 | The exit of Arrowood Indemnity Company from the market due to its liquidation will significantly impact its customers in California. The company was ordered into liquidation on November 8, 2023, meaning it can no longer fulfill its obligations to policyholders. The California Insurance Guarantee Ass sources: 1 2 | Customers affected by the liquidation of Arrowood Indemnity Company can seek assistance from state insurance guaranty associations, which provide protections for policyholders and claimants. These associations can help cover claims that cannot be fully satisfied due to Arrowood's insolvency. Additio sources: 1 2 3 4 | $12.9 million surplus as of December 31, 2022, adjusted to $9.0 million, with a reserve strengthening of $25 million sources: 1 2 3 4 5 | 0.0000% sources: 1 2 |
Western General Insurance Company | Western General Insurance Company (WGIC) was an insurance provider that specialized in non-standard private passenger automobile insurance. The company was placed into liquidation on August 5, 2021, by the California Superior Court due to its hazardous financial condition, following unsuccessful eff sources: 1 2 3 | Auto Insurance sources: 1 2 3 | Western General Insurance Company is leaving California primarily due to insolvency issues. The company was ordered into liquidation on August 5, 2021, after failing to find a buyer for its business or book of business despite months of effort. This decision was influenced by various economic and re sources: 1 2 | The date when Western General Insurance Company announced its decision to leave California was August 5, 2021, when it was placed into liquidation by a California court. sources: 1 2 3 | The exit of Western General Insurance Company (WGIC) will significantly impact its customers in California. As of August 5, 2021, the company was placed into liquidation by the California Superior Court due to its hazardous financial condition. This means that WGIC will no longer be able to provide sources: 1 2 3 | Customers affected by the exit of Western General Insurance Company, which was ordered into liquidation, can seek assistance through the California Insurance Guarantee Association (CIGA). CIGA provides coverage for claims against insolvent insurers, and affected policyholders can find guidance on ho sources: 1 2 | $11.9M sources: 1 2 | 0.27 sources: 1 |
Merced Property & Casualty Co. | Merced Property & Casualty Co. was an insurance company that faced significant financial difficulties following the Camp Fire in Butte County, California, in November 2018. The California Insurance Commissioner filed for its liquidation on November 30, 2018, and a court order was issued on December sources: 1 2 3 4 | Property Insurance sources: 1 | Merced Property & Casualty Co. is leaving California primarily due to insolvency, which was significantly impacted by the financial repercussions of the Camp Fire, the deadliest and most destructive wildfire in California's history. A state judge ruled that the company could not meet its financial o sources: 1 | The company announced its decision to leave California on November 30, 2018, when the California Insurance Commissioner filed a petition to place Merced Property & Casualty Co. into liquidation. The court subsequently ordered the liquidation on December 3, 2018. sources: 1 2 3 4 5 | The exit of Merced Property & Casualty Co. from the insurance market has significant implications for its customers in California. Following the company's liquidation, all policies were canceled, and customers were left without coverage. The California Department of Insurance took control of the com sources: 1 2 3 4 | Customers affected by the exit of Merced Property & Casualty Co. are advised to seek coverage with other insurance providers immediately. It is recommended to contact local insurance agents or brokers who can assist in finding suitable replacement options. Additionally, the California Department of sources: 1 2 3 | – | <1% sources: 1 2 |
Fremont Indemnity Company | Fremont Indemnity Company was an insurance provider that specialized in Workers Compensation services. Established to offer coverage and support for workplace injuries, the company operated in the insurance sector until it was placed into liquidation in 2003. Notable achievements include its role in sources: 1 | Property Insurance sources: 1 | Fremont Indemnity Company left California primarily due to a combination of economic, regulatory, and market factors that contributed to its financial difficulties. Key reasons include:
Skyrocketing Medical Costs: The rising costs associated with medical care significantly impacted the company's ab sources: 1 2 | The Fremont Indemnity Company announced its decision to leave California on July 2, 2003, when it was ordered into liquidation. sources: 1 2 | The exit of Fremont Indemnity Company, which was placed into liquidation in 2003, has had significant implications for its customers in California. As the company is no longer operational, policyholders have faced challenges regarding their coverage options and support.
Policy Changes: Customers o sources: 1 2 3 4 5 | Customers affected by the exit of Fremont Indemnity Company can seek assistance from the California Insurance Guarantee Association (CIGA). CIGA is a not-for-profit organization that helps policyholders of insolvent insurance companies by covering certain claims. They provide resources and guidance sources: 1 2 3 | – | – |
CastlePoint National Ins. Co. | CastlePoint National Insurance Company was an insurance provider that operated primarily in the United States. Established to offer various insurance products, the company faced significant financial difficulties and was ultimately placed into liquidation in 2017 due to insolvency. This marked a not sources: 1 | Property Insurance sources: 1 | CastlePoint National Insurance Company left California primarily due to insolvency, which was confirmed by a court order that placed the company into liquidation on April 1, 2017. The decision to liquidate was influenced by various economic and regulatory factors, including the company's inability t sources: 1 2 3 | The date when CastlePoint National Insurance Company announced its decision to leave California was March 30, 2017, when it was placed into liquidation, effective April 1, 2017. sources: 1 2 3 | CastlePoint National Insurance Company was placed into liquidation in 2017 due to insolvency, which significantly impacted its customers in California. As a result of the liquidation, approximately 9,000 claims were transferred to state insurance guaranty associations for handling. This means that c sources: 1 2 3 4 | Customers affected by the liquidation of CastlePoint National Insurance Company can seek assistance from state insurance guaranty associations, which are designed to protect policyholders in the event of an insurer's insolvency. For example, the Texas Property and Casualty Insurance Guaranty Associa sources: 1 2 3 | – | – |
Crusader Insurance Company | Crusader Insurance Company, incorporated on June 14, 1976, is a wholly owned subsidiary of Unico American Corporation. With over 45 years of experience, the company specializes in providing property and casualty insurance products primarily for small commercial accounts. It underwrites policies thro sources: 1 | Property Insurance sources: 1 | Crusader Insurance Company is not explicitly leaving California, but it has entered a "run-off" phase since September 21, 2021, meaning it is no longer writing or renewing insurance policies. This decision was influenced by significant financial challenges, including a drastic reduction in policyhol sources: 1 2 | Crusader Insurance Company effectively left the California insurance market by ceasing to write new insurance policies in September 2021 and discontinuing the renewal of policies in December 2021. However, there is no specific announcement date found regarding their decision to leave California. sources: 1 | Crusader Insurance Company has entered a conservation phase, meaning it is no longer writing or renewing insurance policies. Customers in California will not have new coverage options or the ability to renew their existing policies. However, the company will continue to honor existing policy coverag sources: 1 | – | $35M sources: 1 | – |
Safeco Insurance | Safeco Insurance, founded in 1923 by Hawthorne Kingsbury Dent, originally operated as the General Insurance Company of America in Seattle, Washington. The company began with just 14 employees and an annual premium volume of less than $500,000, which grew to $6.5 million by 1928. Safeco specializes i sources: 1 2 3 | Property Insurance sources: 1 | Safeco Insurance, a subsidiary of Liberty Mutual, is planning to exit several specialty insurance lines in California by 2026. This decision is primarily driven by increasing market risks and regulatory challenges within the state. The company has announced it will stop offering new policies for ren sources: 1 2 3 4 5 | Safeco Insurance announced its decision to exit several smaller insurance lines in California, with the exit planned for 2026. The announcement was made approximately three months ago. sources: 1 2 3 | Safeco Insurance is set to exit specialty insurance lines in California by 2026, which will significantly impact its customers. The company is shifting its focus to core products amid market volatility and regulatory reforms. This exit means that customers will no longer have access to certain speci sources: 1 2 3 | Customers affected by Safeco Insurance's exit from specialty insurance lines can consider alternatives offered by other insurance providers. Liberty Mutual, which owns Safeco, has indicated that existing customers can maintain their relationships with independent agents, and the only change will be sources: 1 2 3 | $6.3B sources: 1 2 | – |
Western Star Ins. Co., Ltd. | Western Star Insurance is a company-owned agency that specializes in providing a variety of insurance services. Established to cater to diverse insurance needs, the company offers multiple lines of insurance, including home, auto, marine, motorcycle, off-road vehicle, RV, and business insurance. The sources: 1 | Property Insurance sources: 1 | Western Star Insurance's decision to leave California is likely influenced by several economic, regulatory, and market factors affecting the insurance industry in the state:
Increased Risk from Climate Change: The frequency and severity of extreme weather events, such as wildfires and storms, have sources: 1 2 3 | – | – | Customers affected by the exit of Western Star Insurance can consider several alternatives and replacement options:
California FAIR Plan: This is a state-run insurance program that provides basic protection for homeowners in high-risk areas who cannot obtain standard homeowners insurance. However, sources: 1 | – | – |
Premier Alliance Insurance Company | Premier Alliance Insurance Company was established on February 18, 1994, and primarily provided Medical Malpractice, Workers' Compensation, and Hospital Liability insurance. The company entered liquidation on August 2, 1994, and all claims were fully adjudicated, with a final distribution to claiman sources: 1 | Casualty Insurance sources: 1 | Premier Alliance Insurance Company is leaving California primarily due to its closure, which indicates significant financial and operational challenges. The company, which specialized in Medical Malpractice, Workers' Compensation, and Hospital Liability insurance, faced a difficult regulatory and ec sources: 1 | The date when Premier Alliance Insurance Company announced its decision to leave California was July 6, 2006. sources: 1 2 | – | Customers affected by the exit of Premier Alliance Insurance Company should act quickly to find alternative insurance providers. It is advisable to contact independent insurance agents who can assist in identifying replacement coverage options. While specific alternatives were not detailed in the so sources: 1 | – | – |
S & H Insurance Company | S & H Insurance Company is an insurance provider that offers a range of services, including auto, home, life, and commercial insurance. The company focuses on helping clients secure their financial future through personalized coverage options. While specific historical details and notable achievemen sources: 1 | Property Insurance sources: 1 | – | – | – | Customers affected by the exit of S & H Insurance Company can consider the following alternatives and replacement options:
Explore Other Insurance Providers: Customers should research and compare other insurance companies that offer similar coverage options (auto, home, life, and commercial insuran sources: 1 2 3 | – | – |
PAULA Insurance Company | PAULA Insurance Company was an insurance provider that has since been placed into liquidation. The company was involved in offering various insurance services, but due to its liquidation status, claims are now managed by state guaranty funds. Notable achievements or specific historical milestones ar sources: 1 | Other sources: 1 | PAULA Insurance Company left California primarily due to its liquidation in 2002, which was a result of financial instability and regulatory challenges. The company ceased underwriting four months prior to its liquidation, indicating that it was unable to sustain its operations in the competitive wo sources: 1 | The date when PAULA Insurance Company announced its decision to leave California was March 25, 2002, when it was reported that the company would voluntarily cease underwriting workers' compensation business. sources: 1 2 | The exit of PAULA Insurance Company, which was placed into liquidation in 2002, had significant impacts on its customers in California. All policies issued by PAULA Insurance were canceled as of July 21, 2002, which meant that customers lost their coverage and had to seek alternative insurance provi sources: 1 2 3 4 | Customers affected by the liquidation of PAULA Insurance Company can seek alternatives through state guaranty funds, which are designed to protect policyholders when an insurance company becomes insolvent. These funds typically cover claims up to a certain limit, which varies by state, often around sources: 1 2 3 | – | – |
Legion Insurance Company | Legion Insurance Company, founded in 1875, has a rich history of serving the community, particularly veterans, through its longstanding relationship with the American Legion established in 1919. The company primarily engages in property and casualty insurance, with a smaller portion of its business sources: 1 2 | Casualty Insurance sources: 1 | Legion Insurance Company is leaving California primarily due to regulatory challenges and financial difficulties. The California Insurance Commissioner sought and received an order for the liquidation of Legion Insurance Company, which indicates that the company faced significant issues, including t sources: 1 2 3 | The decision for Legion Insurance Company to leave California is associated with an ancillary liquidation order entered on April 25, 2003. sources: 1 | The exit of Legion Insurance Company from California will significantly impact its customers. As the company undergoes liquidation, all covered claims will be paid by the California Insurance Guarantee Association (CIGA). This means that policyholders will still have their claims honored, but they m sources: 1 | Customers affected by the exit of Legion Insurance Company should consider the following alternatives and replacement options:
California Insurance Guarantee Association (CIGA): For California policyholders, CIGA will cover all claims for a period of thirty days following the liquidation order. Aft sources: 1 2 | $2,500,299 sources: 1 2 | – |
HIH America Compensation & Liability Insurance Company | HIH America Compensation & Liability Insurance Company was primarily engaged in providing workers' compensation insurance. The company operated in several states, including California, Illinois, Michigan, Hawaii, Nevada, and Colorado. However, it is currently in liquidation, and its claims are now m sources: 1 2 | Casualty Insurance sources: 1 | HIH America Compensation & Liability Insurance Company is leaving California primarily due to its liquidation status, which was initiated on May 8, 2001. The company faced significant financial difficulties, including chronic under-reserving and under-pricing, which led to its inability to sustain o sources: 1 2 | The HIH America Compensation & Liability Insurance Company announced its decision to cease writing new business in the U.S. effective October 30, 2000. The company was subsequently placed into liquidation on May 8, 2001. sources: 1 2 3 4 | The exit of HIH America Compensation & Liability Insurance Company, effective May 8, 2001, has significant implications for its customers in California. All claims are now managed by state guaranty funds, meaning that customers can no longer rely on HIH for support regarding their claims. They must sources: 1 2 | Customers affected by the liquidation of HIH America Compensation & Liability Insurance Company can seek alternatives through state guaranty funds, which handle claims for insolvent insurers. An online directory of these funds is available at the National Conference of Insurance Guaranty Funds websi sources: 1 2 | – | – |
California Compensation Ins.Co. | California Compensation Insurance Company, also known as Superior National Insurance Companies in Liquidation (SNICIL), was involved in providing insurance services primarily in California. The company has a history of offering various insurance products but has since ceased operations and is curren sources: 1 | Property Insurance sources: 1 | Superior National Insurance Companies, specifically the California Compensation Insurance Company, is leaving California due to significant financial difficulties that led to its liquidation. The California Insurance Commissioner ordered the seizure of the company after determining it was in a hazar sources: 1 2 | The company announced its decision to leave California on March 3, 2000, when California Insurance Commissioner Charles Quackenbush ordered the seizure of Superior National Insurance Companies, marking the beginning of its liquidation process. sources: 1 | The exit of Superior National Insurance Companies, which includes California Compensation Insurance Company, will not disrupt coverage for its customers in California. All claims for injured workers will be paid in full and on time. The California Department of Insurance will oversee the company dur sources: 1 | – | – | – |
ANA Insurance Group | ANA Insurance Group is an insurance company that was licensed in Louisiana to provide Automobile and Commercial Vehicle insurance. The company began selling Non-Admitted Automobile insurance in California in 1990. While specific details about its history, services, and notable achievements are limit | Auto Insurance sources: 1 | ANA Insurance Brokerage, like many other insurance companies, is considering leaving California due to a combination of economic, regulatory, and market factors. The primary reasons include:
Rising Wildfire Risks: California has experienced a significant increase in catastrophic wildfires, which ha sources: 1 2 | – | – | Customers affected by the exit of ANA Insurance Group can explore alternatives through the Louisiana Department of Insurance, which provides resources for finding automobile and commercial vehicle insurance options. They can assist in securing coverage through other private insurers if customers are sources: 1 2 | – | – |
State Farm General Insurance Company | State Farm General Insurance Company, founded in 1922 by George Jacob Mecherle, is a prominent mutual insurance company based in the United States, primarily known for its auto, home, and life insurance services. Initially established to provide automobile insurance for farmers, State Farm has grown sources: 1 2 3 | Property Insurance sources: 1 | State Farm General Insurance Company is leaving California primarily due to a combination of economic, regulatory, and market factors. The company has announced plans to non-renew approximately 72,000 insurance policies, including homeowners and rental dwelling policies, citing the challenging insur sources: 1 2 3 4 5 | The date when State Farm General Insurance Company announced its decision to leave California was March 20, 2024, when they stated they would non-renew approximately 30,000 homeowners, rental dwelling, and other property insurance policies in the state. sources: 1 2 | State Farm General Insurance Company's exit from California will significantly impact its customers. The company has stopped issuing new policies as of May 2023 and plans to drop 72,000 existing policies, which will reduce coverage options for many homeowners. Customers may have to turn to the Calif sources: 1 2 | Customers affected by State Farm General Insurance Company's exit from certain markets, particularly in California, have several alternatives and replacement options. They can consider switching to other insurance providers that are still active in the market, such as Allstate, Farmers, USAA, Travel sources: 1 2 3 4 | net loss of $6.7 billion, premium income $6.2 billion, dividends to policyholders $603 million sources: 1 2 | 20% sources: 1 2 3 |
California FAIR Plan | The California FAIR Plan, established in 1968, serves as the state's insurer of last resort, providing essential fire insurance coverage for homeowners and properties that are unable to obtain coverage from traditional insurance companies. This initiative was launched in response to the riots and br sources: 1 2 3 | Property Insurance sources: 1 | – | – | The exit of the California FAIR Plan could significantly impact its customers, particularly those in high-risk areas who rely on it for fire insurance coverage. If the FAIR Plan were to exit the market, customers would face limited options for obtaining fire insurance, as it serves as a last resort sources: 1 2 3 | Customers affected by the California FAIR Plan's exit can consider several alternatives for fire insurance coverage for high-risk properties. One notable option is the Dwelling Fire program offered by First Cap Property Insurance Solutions, which is designed specifically for California residential r sources: 1 2 3 4 | $795 million sources: 1 | 3.7% sources: 1 2 3 |
USAA | USAA, or the United Services Automobile Association, is an American financial services company founded in 1922 by a group of 25 U.S. Army officers in San Antonio, Texas. Initially established as a mechanism for mutual self-insurance, USAA has grown to provide a wide range of financial products and s sources: 1 2 3 4 | Property Insurance sources: 1 | USAA is limiting its homeowners insurance business in California due to several economic and regulatory factors. The company has cited rising insurance costs and increased risks associated with natural disasters, particularly wildfires, as significant challenges. In recent months, USAA has implement sources: 1 2 3 4 5 | USAA announced its decision to limit new homeowners' business in California starting in March 2024 on September 1, 2023. This decision is part of a broader trend among insurers in the state. sources: 1 2 | USAA's exit from California has significant implications for its customers. The company has limited new homeowners policies, which means that existing customers may face challenges in renewing or obtaining coverage. This aligns with a broader trend where several major insurers, including USAA, have sources: 1 2 | USAA has discontinued its car buying service, which has left many members seeking alternatives. Three recommended alternatives for customers affected by this exit include:
CarEdge - A platform that provides car buying services and resources.
TrueCar - An online car buying service that offers pricin sources: 1 | $42.5 billion sources: 1 2 3 4 5 | 5.4% sources: 1 2 3 |
Trans Pacific Insurance Co. | Trans Pacific Insurance Company (TPIC) is a prominent player in the global insurance market, specializing in property and casualty insurance. The company has a history spanning several decades and is authorized to provide various lines of insurance, including workers' compensation, automobile, and l sources: 1 | Property Insurance | Trans Pacific Insurance Company is leaving California primarily due to several interrelated factors, including economic, regulatory, and market conditions. The company, along with others, has cited the increasing risks associated with wildfires as a significant reason for its exit. California's high sources: 1 2 3 | The announcement regarding Trans Pacific Insurance Company's decision to leave California was made approximately 11 months ago, as reported in a news article. However, the exact date of the announcement was not specified in the source. sources: 1 | The exit of Trans Pacific Insurance Co. from California will significantly impact its customers, particularly in the areas of policy changes, coverage options, and customer support. The company, along with Tokio Marine America Insurance Co., has announced that it will stop offering homeowners and pe sources: 1 2 3 4 5 | Customers affected by Trans Pacific Insurance Co.'s exit from the California market have several alternatives for homeowners and personal umbrella insurance. They can consider the following options:
California FAIR Plan: This is a state-sponsored insurance program designed for residents who cannot sources: 1 2 3 4 5 | – | 43.3% sources: 1 2 3 |
Farmers Insurance | Farmers Insurance, founded in 1928, is one of the largest property and casualty insurers in the United States. The company was established by two men who aimed to provide quality insurance products at reasonable prices. Over the decades, Farmers has expanded its offerings to include a wide range of sources: 1 2 3 4 | Property Insurance sources: 1 | Farmers Insurance is leaving California primarily due to a combination of economic and regulatory factors. The company has begun sending non-renewal notices to customers and has limited new homeowners policies, which reflects a broader trend among major insurers in the state. Key reasons include:
M sources: 1 2 3 4 | – | Farmers Insurance's exit from California, particularly through its subsidiary Farmers Direct Property and Casualty Insurance Company, has significant implications for its customers. The company has limited new policies, affecting homeowners, renters, and auto insurance coverage. Customers may face c sources: 1 2 3 4 | – | – | 14.9% sources: 1 2 |
Allstate | Allstate Corporation is one of the largest publicly held personal lines insurers in the United States, founded in 1931. The company initially started as a part of Sears, Roebuck and Co., focusing on auto insurance. Over the years, Allstate expanded its offerings to include a wide range of insurance sources: 1 2 | Property Insurance sources: 1 | Allstate's decision to leave California is primarily driven by a combination of economic, regulatory, and market factors. The company has ceased offering new home, condominium, and commercial insurance policies in the state, citing the increasing risks associated with climate change, particularly in sources: 1 2 3 | The date when Allstate announced its decision to stop issuing new property insurance policies in California was approximately 21 months ago, which corresponds to around June 2022. sources: 1 2 | Allstate's exit from the California insurance market has significant implications for its customers. The company has stopped issuing new homeowner policies and has canceled some existing fire insurance policies due to the increased risks associated with wildfires. This has left many homeowners strug sources: 1 2 3 | – | $57.094B sources: 1 2 3 | 5.8% sources: 1 2 |
State Farm | State Farm is a prominent group of mutual insurance companies based in the United States, founded in June 1922 by George J. Mecherle, originally as a mutual automobile insurance company aimed at providing better rates for farmers. Over the years, State Farm has expanded its services to include a wid sources: 1 2 3 | Property Insurance sources: 1 | State Farm is leaving California primarily due to a combination of economic, regulatory, and market factors. The company has faced significant financial challenges, particularly related to the rising costs of claims associated with natural disasters, such as wildfires. This has led to a situation wh sources: 1 2 3 | State Farm announced its decision not to renew policies for 72,000 property owners in California on March 20, 2024. sources: 1 | State Farm's exit from the California insurance market will significantly impact its customers. The company has stopped writing new policies and is in the process of canceling existing ones, with approximately 30,000 homeowners and rental dwelling policies being non-renewed. This decision is primari sources: 1 2 3 4 5 | Customers affected by State Farm's exit, particularly in California, have limited options for homeowners insurance. They are encouraged to explore alternatives such as other major insurers that remain in the market, including Allstate, Farmers, and USAA. However, many customers report that these alt sources: 1 2 3 | $104.2 billion sources: 1 2 3 | 19.9% sources: 1 2 3 |
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