Travelers Expands Availability of Homeowners Insurance Under California's Sustainable Insurance Strategy
Participation reflects positive outlook for the California market and will increase choice for homeowners
The Travelers Companies, Inc. (NYSE: TRV) today announced its voluntary participation in California's Sustainable Insurance Strategy (SIS), notifying the California Department of Insurance (CDI) of its intention to expand homeowners insurance availability across the state. Championed by Insurance Commissioner Ricardo Lara, the SIS allows participating carriers to incorporate forward-looking wildfire catastrophe models and reinsurance costs into rates along with plans to write in high-risk communities.
"California homeowners want access to reliable, fairly priced coverage and service from financially strong insurers they can count on," said Michael Klein, Executive Vice President and President of Personal Insurance at Travelers. "Offering risk-based pricing for coverage facilitates a fair, competitive and healthy market for all participants. It will also allow us to responsibly operate throughout the state while supporting our ability to meet our obligations and fulfill our promise to customers."
Travelers is supportive of the state's efforts to offer access to coverage in areas that have been underserved due to wildfire exposure – another key element of the SIS.
In addition, Travelers is increasing its discounts for homeowners who invest in wildfire mitigation. Updates such as ember-resistant vents, Class A roofing and defensible space can improve both eligibility and pricing.
Consumers with questions can reach out to their local independent agent or a Travelers representative.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of nearly $49 billion in 2025. For more information, visit Travelers.com.
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