Sean Kevelighan: December 26, 2019


Some Insurers Are Reducing Their Exposure to the State’s Risks After 2017-18’s Disasters

Sean Kevelighan

Chief Executive Officer, I.I.I.



California’s auto, home, and business insurers paid out $13 billion in wildfire-caused claims in 2018, and nearly $12 billion because of 2017’s wildfires, according to the state’s Department of Insurance (DOI). These monies were used by Californians to purchase new cars, rebuild homes, and restore businesses.


But California’s highly regulated insurance markets often make it difficult for auto, home, and business insurers to price their policies to reflect the risks of operating in the state.  The state’s DOI, for instance, prohibits California’s property insurers from using either the cost of reinsurance—insurance purchased by insurers—or catastrophe models when setting premium rates for either residential or commercial structures. It is one of the reasons a few home insurers are looking to reduce the number of insurance policies they write in California through the issuance of what are known as non-renewal notices. The Insurance Information Institute’s subject matter experts can discuss the affordability and availability of homeowner’s insurance in California as well as the trends impacting the state because of its recent wildfires.




Sean Kevelighan joined the I.I.I. as its Chief Executive Officer in 2016.  Previously, he was Group Head of Public Affairs for Zurich Insurance Group where he oversaw Government and Industry Affairs as well as Corporate Responsibility.  He joined Zurich in 2013 as Head of Government and Industry Affairs for North America. Prior to that, he worked at Citigroup, Inc., as Head of Strategic Communications for its Global Consumer Banking business, and for Zurich, as Head of Group Media Relations in North America. During President George W. Bush’s administration, he served first in the U.S. Department of the Treasury as a spokesperson for economic issues, and eventually became Senior Advisor for the Office of Tax Policy. He was also the Press Secretary for the White House Office of Management and Budget (OMB).

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