Top Local Insurance Services in Anaheim

With further capital deterioration as an outcome of the wildfires, extra downgrades might follow. If that were to happen, clients with a home mortgage may not have the ability to utilize SFG insurance coverage on the security support for their mortgage. SFG guarantees high concentrations of risk in California that might create financial losses numerous times larger than the company's existing surplus.

Harmony SoCal Insurance

Insurance will cost more for customers in California going forward since the risk is higher in California. Over the last 9 years, the lack of alignment in between rate and risk suggests that for every $1.00 gathered in premium, SFG paid $1.26, resulting in over $5 billion in cumulative underwriting losses.

Harmony SoCal Insurance

If you tried to buy or restore home insurance in California over the last few years, you probably faced the same wall a lot of house owners did: your regular insurance provider non-renewed you, a new carrier would not quote your postal code at all, and you ended up on the state's FAIR Strategy frequently paying more for less coverage than a standard policy would provide you.

Harmony SoCal Insurance

Here's where things really stand in 2026, and what it means if you're currently on the FAIR Plan or were turned down previously. Back-to-back wildfire seasons, topped by the Palisades and Eaton fires in January 2025, eliminated tens of billions of dollars in insured value in a matter of weeks.