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Bill

SB 1076

Admitted insurers: residential property insurance.

2025-2026 Regular Session Introduced by Mike McGuire and 1 co-sponsor

SB 1076 modifies admitted residential property insurance requirements in California, currently in early legislative review with specifics pending committee assignment.

April 22 set for first hearing. Failed passage in committee. (Ayes 3. Noes 2. Page 4012.)
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Bill Summary · SB 1076

Legislative bill overview

SB 1076 addresses residential property insurance issues for admitted insurers in California. The bill was recently introduced and is currently in the rules committee for assignment. Specific provisions are not yet publicly detailed as the bill is in its earliest legislative stages.

Why is this important

California faces a residential property insurance crisis with multiple insurers withdrawing from the market and limited availability of coverage. Any legislation targeting admitted insurers (those licensed to operate in California) could affect insurance availability, pricing, and consumer protections for homeowners seeking fire and disaster coverage.

Potential points of contention

  • Scope of insurer obligations - Whether the bill imposes new underwriting requirements, coverage mandates, or financial reserves on admitted insurers could face opposition from insurance companies concerned about profitability
  • Rate regulation vs. market dynamics - If the bill restricts rate increases or premium adjustments, insurers may argue it makes California an unviable market; consumer advocates may counter it's necessary protection
  • Interaction with state insurer of last resort - Unclear how provisions coordinate with California's FAIR Plan (insurer of last resort), potentially creating coverage gaps or cost-shifting issues

Compiled from official sources — confirm details with the bill’s official record.

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