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California's homeowners insurance market separates at the admitted layer.
Carriers that file rates with the state's Department of Insurance and remain inside that pool give policyholders access to guarantee fund backing, a backstop that matters particularly in a state where insurer availability has been contracting.
Bamboo Insurance's new arrangement with MS Transverse Insurance Company injects $150 million in fresh admitted capacity, with the stated aim of lowering premiums and expanding product flexibility for California homeowners.
The structure of the arrangement The partnership was announced July 17, 2026, from Los Angeles.
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