New Mexico Homeowners Face Insurance Crisis | Santa Fe News

New Mexico’s wildfire fears are forcing insurers to pull coverage from over 6,200 homeowners — a record high — as companies retreat from high-risk counties like Mora, Rio Arriba, and Taos. After a decade of profitability, insurers took major losses in 2024 and 2025, yet premiums have cooled to under 5% hikes, down from double-digit spikes. The state is responding with a $10 million wildfire mitigation program, offering discounts to homeowners who upgrade safety measures — a strategy that’s even reversing some nonrenewals. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2ae77b99c47eadae