As insurers battle growing numbers of claims, sometimes dishing out more funds than they’re taking in, another insurer is now set to leave the California home insurance market, according to recent filings with the state’s Department of Insurance.
Nationwide subsidiary Crestbrook Insurance Co., also known as Nationwide Private Client, will stop renewing all home insurance policies by June 15, 2025, according to a filing with the department obtained by the San Francisco Chronicle. The home insurer stopped writing new California policies in December, according to public filings, which showed the company currently covers 20,275 policies totaling $38.4 million in premiums in the state.
