Major home insurer is hiking premiums by over 15% in California, as thousands lose coverage entirely

One of the largest insurers in California is raising premiums by an average of 15.3 percent for hundreds of thousands of homeowners starting next month. Some 320,000 Californians who have taken out specific policies with Travelers Insurance - the sixth largest property insurer in the state as of 2022 - will be affected from June 24.