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Lara also called on insurers to offer beyond the 60-day grace period under existing law for policyholders in the immediately affected wildfire areas to pay their home insurance premiums given the ...
SACRAMENTO, Calif. (AP) — Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to ...
"California is preventing insurance companies from canceling home coverage for LA wildfire victims in impacted zip codes over the next year,” Newsom shared on X, formerly Twitter. “The folks ...
Homeowners in areas at high risk of wildfires could have an easier time finding insurance coverage in the future under an eagerly-awaited proposal released Wednesday by the Department of Insurance
Earlier this year, Insurance Commissioner Ricardo Lara proposed letting insurers use these models in exchange for covering 85% of homeowners in wildfire areas — a move meant to take pressure off ...
It factored in wildfire risks, the percentage of homes that are on the FAIR plan, the average cost of insurance and the per capita income level in each of the districts, when coming up with the lists.
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