Growing Trend Withdraw from California’s Market In a significant development within the insurance industry, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. have both declared their intentions to exit the homeowners and personal umbrella insurance markets in California. This decision places these companies alongside an expanding list of insurers that are choosing to either withdraw or scale back their operations in the state. Policyholders Affected: Tokio Marine’s Departure Impacts Thousands in California According to recent filings with the California Department of Insurance, both entities—subsidiaries of the Japan-based Tokio…
Read MoreInsurance Exodus: 2 More Companies to Exit California’s Homeowners Insurance Market
