Insurance Commissioner Ricardo Lara told state lawmakers on Wednesday that his office would soon begin unveiling the first in a series of highly-anticipated rule changes that could affect the price and availability of home and auto insurance in California.
Lara on Wednesday did not say when his office expected to put forward the specific wording of central aspects of his proposals. They include the requirement that companies write a minimum share of policies in communities with high wildfire risks. In turn, insurers would be able to use computer models to better plan for future disasters and also recover costs related to buying their own insurance for policies in the state.
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