Risk Theory Targets California Wildfire Risks with New Home Insurance
As California homeowners struggle with insurance non-renewals and limited market capacity, Dallas-based Risk Theory Insurance Services has launched Jupiter Platinum Home. The new excess and surplus lines product provides coverage for high-net-worth properties facing significant wildfire exposure, offering an alternative to the state’s FAIR Plan.
The program covers properties with dwelling limits starting at $750,000 and reaching up to $25 million in total insured value. By targeting homes located in high-hazard zones, Risk Theory aims to capture a segment of the market that traditional carriers have largely abandoned. The offering is currently in a soft launch phase, with a broader rollout for retail agents scheduled to follow later this summer.
This expansion builds on the company's previous efforts in the state, including the February 2025 introduction of Jupiter Excess, which provides up to $10 million in coverage over the California FAIR Plan. Jessica Furrow-Young, Executive Vice President at Risk Theory, noted that the product is specifically engineered for complex profiles and clients displaced by wildfire-related non-renewals. The platform utilizes an in-house claims team, Applied Claims Group, to manage policyholder support, moving away from the bare-minimum coverage often associated with state-run plans.
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