New Mexico insurers refused to renew policies for record number of homes in 2025, official says

Over 6,200 New Mexico homeowners faced the shock of losing their insurance when insurers chose not to renew their policies for 2025, setting a new record for non-renewals. This trend of rising refusals underscores a growing concern for the state's insurance market, potentially driven by factors like increased natural disaster risks or escalating claims costs. With more residents losing coverage, the community faces heightened vulnerability, raising questions about the stability and accessibility of home insurance in the region.