California E&S Insurance

From the Insurnce Journal 'Structural Shift' Occurring in California Surplus Lines The Los Angeles wildfires that kicked off 2025 not only sped up a statewide homeowners insurance market pullback, but they also played a part in an ongoing reshaping of California's surplus lines market, according to a new report. The state's surplus lines insurance market has entered a new phase that can be best defined as a "structural shift, " a market analysis from The Surplus Line Association of California shows. The SLACAL report is part of the group's annual report . It examines how legal risk, catastrophe exposure, capital constraints and regulatory friction reshaped where risk is placed and how coverage is accessed in the state's surplus lines marketplace. The analysis, which includes policy data and insight from executives, shows a sustained reallocation of risk from the standard market into surplus lines. In the last few years, the new policy counts in California surplus lines has swelled more than 500%. It is part of a change that has been ongoing for a dozen years, partly driven by the plague of wildfires in California in recent years. Fourteen of top 20 destructive wildfires in state history have occurred in the last 10 years, according to CalFire statistics . Benjamin J. McKay, CEO and executive director of SLACAL, views the L.A. fires as the exclamation point in a years-long process unfolding in the state's insurance market that has made it difficult for admitted carriers to provide homeowners insurance in the state. More

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