California Insurance Commissioner candidate Stacey Korsgaden has summed up thedeepening crisis rippling across the state’s economy.
“California is not insurable right now,” she said while appearing on theAgNet News Network, an agriculture-focused news outlet.
She said farmers, small businesses and homeowners are increasinglyincreasingly unable to secure or afford coverage.
Her comments comes as regulators in the Golden State move to fine and potentially revoke the license ofState Farm over alleged mishandlingof claims tied to the 2025 wildfires, which killed at least 31 people.
Speaking on the AgNet News Hour, Korsgaden painted a troubling picture of an insurance market under strain, where premiums are rising rapidly and, in some cases, policies are disappearing altogether.
“Insurance has gone up… or you can’t even get a policy,” she said, echoing concerns she hears from business owners and residents across California.
The issue is hitting the state’s agricultural sector especially hard.
Farmers already grappling with rising costs for labor, water and supplies are now facing steep increases in insurance expenses covering crops, equipment, vehicles and workers.
For some, coverage is no longer a viable option, leaving operations exposed to significant financial risk.
Korsgaden attributes much of the crisis to long-standing regulatory and policy decisions that she argues have made California a difficult place for insurers to operate.
Source: California Post – Breaking California News, Photos & Videos
