California, October 27, 2025
News Summary
Delos Insurance Solutions has announced a significant expansion of its wildfire insurance coverage in Southern California, adding 265,000 homes across five counties. Their advanced risk modeling technology enables the company to reassess risks effectively, potentially lowering premiums for many homeowners. Delos aims to address the coverage gap left by traditional insurers retreating from high-risk areas, providing a comprehensive option that also includes protections against theft, water damage, and liability. This expansion comes at a crucial time when California’s insurance market is facing challenges due to escalating wildfire risks.
California is seeing a significant expansion in wildfire insurance options as Delos Insurance Solutions announces it will increase its coverage across five counties in Southern California. The company plans to add an additional 265,000 homes to its portfolio, which will elevate its total coverage footprint to approximately 2.5 million homes in Los Angeles, Orange, Riverside, San Bernardino, and San Diego counties.
This strategic move is facilitated by advances in Delos’s proprietary risk modeling technology. This technology employs satellite imagery and specialized wildfire science to accurately assess risks associated with wildfires. Founded in 2017 by aerospace engineers, Delos’s aim has been to provide insurance in high-risk areas where traditional insurers have retreated due to increasing wildfire threats.
Delos utilizes technology-driven underwriting to evaluate property-level risks effectively. The offerings include primary, secondary, and seasonal home policies, all while incorporating mitigation strategies. Delos’s innovative wildfire risk model has demonstrated its reliability by accurately predicting the extent of all major California fires over the past seven years.
To enhance its data analysis capabilities, Delos is continuously integrating detailed wind data and information about suppression efficacy, expanding its insurable footprint even further. Notably, around 65% of homes that conventional models classify as “high risk” could be reclassified as medium or low risk under Delos’s system, potentially easing the financial burden on homeowners facing escalating insurance premiums.
Upgraded models now also take into account the potential for “urban conflagrations,” offering enhanced insights into fire spread in developed areas. Following this expansion, Delos also has plans to introduce its technology-based wildfire insurance offerings beyond California, aided by a recent $9 million fundraising round in late 2024. Future products may include high-value home and commercial property insurance as part of Delos’s growth strategy.
This expansion comes at a time when California is grappling with a crisis in its insurance market, as many insurers are reducing their services or halting new business due to the escalating risks associated with wildfires. Delos’s innovative model presents an alternative approach to risk distribution, blending advanced analytics with traditional underwriting methods, which effectively addresses coverage gaps statewide.
Currently, the company insures around 30,000 homes across California and operates in the non-admitted market. This means that it lacks state backing in the event of insolvency, frequently resulting in higher premium costs. However, the sophistication of its modeling helps mitigate drastic price fluctuations, making Delos’s policies potentially more affordable compared to California’s FAIR Plan, known for its high costs and limited coverage options.
Delos insurance policies not only cover wildfire risks but also include protections against water damage, theft, and liability, making them a more comprehensive option than the FAIR Plan. The company primarily sells its policies through independent agents, who can swiftly become appointed with Delos, emphasizing its commitment to filling the coverage gap problem in California while providing long-term insurance solutions for homeowners.
Key Features of Delos Insurance Wildfire Coverage
- Insuring an additional 265,000 homes in five counties
- Coverage for approximately 2.5 million homes in Southern California
- Advanced risk modeling using satellite imagery and fire science
- Reclassifying up to 65% of “high-risk” homes as lower risk
- Policies including protections against theft, water damage, and liability
- Operational in the non-admitted market
FAQs
What is the purpose of Delos Insurance Solutions’ expansion?
Delos Insurance Solutions is expanding its wildfire coverage across five Southern California counties, which includes adding 265,000 homes to its portfolio. This move is aimed at providing insurance in high-risk areas where traditional insurers have pulled back.
How does Delos Insurance assess wildfire risks?
Delos utilizes proprietary risk modeling technology that employs satellite imagery and wildfire science to assess risks more accurately than traditional models.
What is the significance of the new risk model?
The upgraded risk model incorporates data on “urban conflagration” potential and has the capability to reclassify approximately 65% of homes classified as “high risk” by conventional models to medium or low risk potentially offering lower premiums for homeowners.
What types of policies does Delos Insurance offer?
Delos offers technology-driven underwriting that evaluates property-level risks and provides primary, secondary, and seasonal home policies while including to cover wildfire, theft, water damage, and liability.
Deeper Dive: News & Info About This Topic
- Insurance Business: Delos Insurance Expands Wildfire Coverage in Southern California
- Wikipedia: Wildfire
- Intelligent Insurer: Trusted Wildfire Science Allows Delos Insurance to Expand Coverage
- Google Search: Wildfire Insurance California
- ABC10: California Company Using AI to Assess Risk for Homeowners Insurance
- Encyclopedia Britannica: Insurance
- Carrier Management: Wildfire Coverage Innovations
- Claims Journal: Updates on Insurance Policies
Author: STAFF HERE HOLLYWOOD
The Hollywood Staff Writer represents the experienced team at HEREHollywood.com, your go-to source for actionable local news and information in Hollywood, Los Angeles County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Hollywood Bowl summer concerts, the Hollywood Christmas Parade, film premieres at TCL Chinese Theatre, and festivals at the Magic Castle. Our coverage extends to key organizations like the Hollywood Chamber of Commerce and Visit Hollywood, plus leading businesses in entertainment, dining, and tourism that define the local economy. As part of the broader HERE network, including HERELosAngeles.com, HEREBeverlyHills.com, HEREAnaheim.com, and HEREHuntingtonBeach.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
