California has surpassed Florida as the U.S. state with the weakest property insurance market, according to E&E News by Politico, leaving many residents and businesses without coverage or with no ...

California Gov. Gavin Newsom speaks before signing legislation related to student literacy in Los Angeles on Thursday, Oct. 9, 2025. (AP Photo/Damian Dovarganes ...

These houses are in areas increasingly prone to natural disasters like wildfires or hurricanes. Private insurance wouldn't cover them, so they are covered under insurance plans of last resort, known ...

SACRAMENTO, Calif. — California Gov. Gavin Newsom signed a bipartisan bill Thursday that aims to prevent the state’s home insurer of last resort from running out of money following a natural disaster.