On July 31, 2026, Farmers Insurance said it had filed an upgraded business insurance rating plan under Commissioner Lara’s Sustainable Insurance Strategy. The plan targets apartments and condos, auto shops, commercial real estate, retail, office, service, and wholesale. Farmers committed to more than 1,500 new business-owner and business-property policies in CDI-identified wildfire-distressed areas over two years. Proposed effective date: February 1, 2027. Statewide average rate change: just over 15%.
Combined with Farmers workers’ compensation and a newer commercial auto offering, it is a bid to be a package market again for shops that lost admitted property after 2023. Fifteen percent is the price of getting back in. The 1,500-policy pledge is the SIS trade.
If you run a shop or a small apartment in San Diego County and you have been on E&S property, mark the February 2027 effective date and have us quote it. Bring the SOV and any mitigation. A BOP is still a BOP: watch liquor, auto, and workers’ compensation — they are usually separate.
If this is on your renewal, call the office at (619) 420-8600 or start a quote. We will tell you what the market will actually write.
Sources: Farmers / PR Newswire, July 31, 2026.