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California's homeowners insurance market has been shedding wildfire exposure for years, and the gap at the high end is measurable.
Risk Theory Insurance Services, a Risk Theory company, announced the soft launch of Jupiter Platinum Home on July 14, a primary excess-and-surplus lines homeowners program offering up to $25 million in total insured value for high-net-worth clients whose properties admitted carriers have declined.
The E&S primary layer: where this sits in the stack The structural constraint here is familiar.
California's admitted market operates under rate-filing and coverage requirements that make wildfire-exposed, high-value properties difficult to underwrite at a price the regulator will approve.
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