2 More Home Insurers Say Goodbye to California

Tokio Marine America and and Trans Pacific were not huge players in the market, but their departure continues a trend.

Flames from the Dixie Fire consume a home on Highway 89 south of Greenville in Plumas County, Calif., on Aug. 5, 2021. Noah Berger/AP Photo

Two more insurers are set to stop renewing homeowner policies in California despite a recent rate hike approval.

According to recent filings with the state’s Department of Insurance, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. will not be renewing homeowner and personal umbrella policies within the state, totaling about $11.3 million in homeowner premiums and another $400,000 for personal umbrella policies.