Liberty Mutual’s Safeco brand has filed a new California homeowners program that uses the Verisk Wildfire Model, the first wildfire catastrophe model approved by the California Department of Insurance. The filing comes from American States Insurance Company of Texas, with a requested effective date of February 20, 2027.
The new program rates homes by individual perils rather than combining them. Wildfire is treated as its own peril and carries the largest base rate, ahead of liability and water damage. The filing also uses the Verisk Earthquake Model.
Homeowners can earn premium credits for wildfire mitigation measures, including home-hardening improvements, IBHS Wildfire Prepared Home designations, and participation in recognized wildfire-resilient communities.
Liberty said the program is designed to support insurance availability in California, but it is priced to produce no average rate change compared to the Safeco homeowners program it replaces.