Transactions are falling through: Insurance crisis tearing California’s housing market apart

Rising homeowners’ insurance premiums and limited availability are affecting California's housing market, particularly in high-risk areas like San Diego. Wildfire losses and increased material costs are reducing affordability, stalling high-dollar home transactions. Non-admitted insurers are addressing supply issues with higher deductibles. Digital agencies are expanding carrier networks and integrating insurance into mortgages, enhancing transparency and compliance amid climate risks and regulatory changes.