California lawmakers seek $2.5 billion to protect homes from wildfires, thin forests - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
August 27, 2020 Newswires
Share
Share
Post
Email

California lawmakers seek $2.5 billion to protect homes from wildfires, thin forests

Sacramento Bee (CA)

Aug. 26--A group of legislators is pushing a bill to spend $2.5 billion on wildfire prevention in California, with the costs borne by ratepayers of PG&E Corp. and other major utilities.

With the legislative session winding down and wildfires burning more than 1.3 million acres in California in the past week, AB 1659 would dedicate funding for battling climate change and accelerating the thinning of forests and other heavily-vegetated areas. Money would also be spent on "home hardening" and the creation of "defensible space" around communities and homes.

The latest round of wildfires, triggered by lightning strikes, have destroyed more than 1,000 homes and other buildings, mainly in Northern California. Home hardening -- the installation of fire-resilient roofing and other measures -- could have reduced the damage, said bill co-author Assemblyman Richard Bloom, D-Santa Monica.

"These are homes that appear to not have had the benefit of current technology of how to protect a home from fire," Bloom said in an interview Wednesday.

The bill would take an unusual approach toward funding.

As it is, ratepayers and shareholders of the major utilities are paying for a $21 billion insurance pool created by the Legislature last year to shield the companies from liabilities caused by new fires. The ratepayers' share comes from extending, for another 15 years, a 96 cents-a-month surcharge that's been on customer bills since the energy crisis nearly 20 years ago, when the state had to step in and buy power for the three big utilities.

To pay for the wildfire-prevention programs, Bloom's legislation would extend the ratepayer surcharge for another decade, to 2045. However, that extension wouldn't apply to the shareholders, Bloom said.

The bill is designed to address some of the most sorely-needed prevention programs.

For instance, a McClatchy investigation showed that homes built to strict, modern building codes were more likely to survive the Camp Fire, which destroyed more than 12,000 buildings in Paradise in November 2018. With much of California's housing stock built well before these codes took effect, experts say home-hardening retrofits could be one of the most effective forms of fire prevention available.

Gov. Gavin Newsom earlier this year proposed spending $100 million on home hardening, but removed the money from the budget after the economy tanked in March and the surplus disappeared.

Much of the money would be allocated through grants to Cal Fire and the Natural Resources Agency, as well as county fire-safe councils and other organizations. Among other things, the bill would dedicate $100 million to repair damage done to state parks. Fire ripped through the state's oldest park, Big Basin Redwoods in Santa Cruz County, raising fears of massive devastation, but the Associated Press reported that that giant redwoods were largely intact.

In addition, $300 million would go toward water projects "to improve water supply reliability for fire fighting in areas at high risk," the bill says. That would include $50 million to help repair the Friant-Kern Canal, a major irrigation channel on the east side of the San Joaquin Valley.

The concrete canal has sagged badly because of widespread groundwater pumping by farmers, particularly during the drought, causing the ground to sink -- and taking a segment of the canal down with it, dramatically reducing its ability to deliver water to downstream farmers.

___

(c)2020 The Sacramento Bee (Sacramento, Calif.)

Visit The Sacramento Bee (Sacramento, Calif.) at www.sacbee.com

Distributed by Tribune Content Agency, LLC.

Older

Hurricane Laura: Crews From More Than 26 States, D.C., and Canada Activated to Support Power Restoration

Advisor News

  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
  • Gen X and millennials seek new retirement model
  • Are families ready for the costs of aging at home?
More Advisor News

Annuity News

  • New class-action lawsuit targets Delaware Life over annuity disclosures
  • A client remarried: Does their annuity still fit?
  • Gen X and millennials seek new retirement model
  • Global Atlantic names Dan Farrelly head of IMO and IBD channels
  • A rising retirement challenge: The license to spend
More Annuity News

Health/Employee Benefits News

  • NABIP urges Congress to address underlying healthcare costs
  • Understanding health insurance: What fraud, waste, and abuse mean for your healthcare
  • Fairview sues UnitedHealthcare over 2027 Medicare plan info
  • Women can face challenges in obtaining LTCi
  • Health affordability task force considers utility model
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Life insurance applications rise 15.2% in September, MIB reports
  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • What ‘above and beyond’ means for today’s advisor
  • AM Best Maintains Stable Outlook on Indonesia’s Non-Life Insurance Segment
  • Owings Mills insurance agent pleads guilty to stealing more than $100,000 in life insurance commissions
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.