Insurance
Sep. 12, 2023
Legislative fix of fire insurance might have run out of time
For weeks, lawmakers and insurers have been in talks over the possibility of introducing a bill that would stem a recent exodus of insurers from the state.
The clock quietly ran out on a last-minute legislative deal to overhaul the fire insurance market in California. But a spokesman for Insurance Commissioner Ricardo Lara said legislation is just “one of many options that we have been pursuing.”
For weeks, lawmakers and insurers have been in talks over the possibility of introducing a bill that would stem a recent exodus of insurers from the state. Among the ideas discussed were allowing ins...
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