Insurers pulling back from an increasingly risky California market grabbed the attention of Insurance Journal readers this year.
This was the subject of the top four most popular stories in Insurance Journal’s West region in 2023. Eight articles on this topic were among top 10 most popular articles and 12 articles on the subject were among the top 25 most read in the region.
Other popular topics included damages from Tropical Storm Hilary, the Maui wildfires, lawsuits, and rate filings to the California Department of Insurance.
Top 10 West Insurance Journal Stories of 2023
State Farm announced in May it will cease accepting new applications for business and personal lines property/casualty in California to deal with increased risks and higher construction costs. The reactions to the announcement included one from the American Property Casualty Insurance Association, which blamed inflation for increasing the costs of claims and said that insurers need higher rates along with other