
Stand Insurance has raised $30 million in Series A financing, led by Inspired Capital, to enhance access to home insurance in California, particularly in wildfire-prone areas. The company aims to leverage technology and catastrophe modeling to better assess risks associated with climate change. This funding comes as California implements new regulations designed to stabilize its home insurance market, encouraging insurers to resume writing policies after several major carriers withdrew due to increasing wildfire risks. The reforms are part of a broader initiative by the California Insurance Department to improve coverage options for homeowners in high-risk zones, including the introduction of AI-driven resilience plans by Stand Insurance.
On the eve of reforms meant to incentivize insurance companies to write more policies in California, Liberty Mutual has told regulators it will stop offering new condo and renter policies in 2025. Existing customers will begin losing coverage in 2026. https://t.co/vUTjIkscyU
NEW: California’s fourth-largest home insurer to drop all California condo, rental policies By @meganfanmunce https://t.co/eljLIKhaye
California aims to expand insurance coverage in fire-prone areas with new rules https://t.co/9zTcCsi3uL



