Insurance
Oct. 10, 2024
New wildfire rules aim to ignite coverage in high-risk areas
California is rolling out a new insurance regulation aimed at strengthening and stabilizing the marketplace. As the most significant reform in 30 years, the impact won't be immediate, but it's expected to gradually ease the pressure.
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Sept. 21, 2024 marked the one-year anniversary of Governor Newsom's executive order directing the Department of Insurance ("DOI") to take accelerated "regulatory action to strengthen and stabilize California's marketplace." Commissioner Ricardo Lara is continuing the roll-out of his "$95
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