The partnership comes at a specific moment of market tension. Approved carriers have aggressively retreated from high-priced personal lines in California, Florida and Texas — the three states with the highest concentrations of high-net-worth households — pushing rich personal lines into the surplus market at a time when demand is booming. Some wealthy homeowners have turned to nonadmitted coverage as traditional insurers have raised deductibles, restricted hurricane payments or pulled out of states most exposed to wildfires and hurricanes. Non-admitted products, originally designed for businesses with unusual risks, have expanded significantly as a result. According to Insurify’s 2026 Insuring the American Homeowner report, the average annual home insurance cost is projected to reach $3,057 by December 2026, up 4% from $2,948 at year-end 2025, with premiums rising in 45 states in 2025 alone.
Pure Insurance leverages FM’s engineering model in high-value home push & more related News Here
