California's Insurance Commissioner Ricardo Lara introduced a regulation that mandates insurers to provide coverage in fire-prone areas, which many experts see as encouraging construction in dangerous regions. This rule requires insurance companies to increase their market share in the most vulnerable zones, thus putting more homes and people at risk amid the ongoing climate crisis. Critics argue that this regulation undermines the clear message from the insurance industry to halt construction in high-risk areas, further exacerbating the wildfire crisis in the state.
Lara's new regulation will effectively force ratepayers to subsidize living costs in high-risk wildfire areas, encouraging further construction despite increasing danger.
The new rule mandates insurers to provide comprehensive policies in wildfire-prone regions, expanding coverage options but ignoring the risks of additional homes in those areas.
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