A new California ballot initiative proposes requiring insurers to cover fireproofed homes or face penalties, amid ongoing wildfire insurance market challenges and regulatory debates.

A California ballot initiative aims to repeal Proposition 103, which has regulated property and casualty insurance for decades. The change could impact premium approvals, market stability, and wildfire risk policies.

State Farm requests court to keep documents justifying 17% emergency wildfire insurance rate increase confidential in California, raising Proposition 103 transparency concerns.