"Losing your insurance should be the last thing on someone's mind after surviving a devastating fire," Lara said in the bulletin. This law gives millions of Californians breathing room and hits the pause button on insurance non-renewals while people recover.
"The number of California homeowner's policies canceled or not renewed by insurance companies increased 46% from 2018 through 2021. The number of policyholders forced to use the state's insurer of last resort increased 164% since 2019."
#insurance-moratorium #wildfire-recovery #california-regulation #homeowner-policies #fire-risk-management
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