Insurance commissioner, legislative leaders join forces to introduce proposals for wildfire mitigation and recovery
Insurance Commissioner
Lara's office said this package focuses on three key goals: Consumer protection, climate resiliency, and market strength.
Among the 10 proposals sponsored by the commissioner are a new statewide grant program to assist with wildfire hardening, protections for businesses against insurance non-renewals, initiatives to combat deceptive disaster advertising, and measures to maximize insurance claim payouts by limiting the fees that public adjusters can charge.
"As we face increasingly catastrophic disasters, our responsibility is to assist people in their recovery while also ensuring we are better prepared for the next event," said Commissioner Lara. "Now is the time for transformational action. I will not shy away from this moment and will continue to advocate for consumer protection and the restoration of our state's insurance market. Bold actions will yield bold results."
"Countless families, businesses, and communities in
"Strengthening how we build and harden our homes can save lives, safeguard property, and help rein in the skyrocketing insurance costs burdening families across the state," said Sen.
"Just like residential homeowners, holders of commercial insurance policies need and deserve reliable insurance during a disaster like the wildfires we've just experienced," said Sen. Sasha Renée Pérez. "My legislation will expand the one-year moratorium to prevent cancelations or notices of nonrenewal on small businesses and nonprofit organizations. I appreciate the
"This legislative package is an important step to incentivize homeowners to harden and protect their homes from wildfires, while helping consumers save money on insurance bills," said Assemblymember
"Wildfire victims have been through so much, and deserve all the support we can offer. Guaranteeing coverage of their possessions offers an important step towards closure, and extending deadlines to provide proof of loss allows them ample time to sufficiently regroup and sort through the many logistics of recovery," said Sen.
"The advertising of disaster recovery related services to the victims of natural disasters needs to be open and transparent," said Assemblymember
"Public adjusters should help wildfire survivors rebuild, not wreck their recovery. Some public adjustors will charge excessive fees or take a portion of homeowners' insurance payouts through unfair practices. I'm proud to partner with Commissioner Lara on AB 597 to ensure wildfire survivors get every dollar they deserve to rebuild their lives," said Assemblymember
"Wildfires and other natural disasters continue to devastate communities across
"When disaster strikes, Californians should be able to count on their insurance coverage to pay out claims," said Assemblymember
"This first-in-the-nation public wildfire catastrophe model will be transparent, science-driven, and work for everyone—homeowners, communities, emergency responders, and local governments. By investing in a university-led research center, this bill ensures a model that not only improves wildfire preparedness and planning but also gives homeowners and communities a clearer picture of wildfire risk and whether they're getting a fair deal on insurance," said Sen.
"Time and time again, fires have destroyed our communities throughout
Commissioner Lara's 10 sponsored bill proposals include:
The California Safe Homes Act (authored by Assembly Member
The Business Insurance Protection Act (jointly authored by Senators
The Insurance Payment Protection Act (AB 597, authored by Assembly Member
Eliminate "The List" Act (authored by Senator
The
The Deceptive Disaster Relief Advertising Act (AB 637, authored by Assembly Member
The California Wildfire Public Model Act (authored by Senator
The Insurance and Wildfire Safety Act (AB 1, authored by Assembly Member Damon Connolly) AB 1 builds on Commissioner Lara's groundbreaking Safer from Wildfires regulation. The legislation requires future insurance commissioners to assess the need for updates to the regulation based on new fire science and public input.
The FAIR Plan Stability Act (AB 226, jointly authored by Assembly Members
The Savings Accounts for Mitigation and Catastrophes Act (AB 232, jointly authored by Assembly Members
Bills without numbers have not been formally introduced but will be by
Firefighters, along with organizations representing businesses, non-profits, wildfire survivors, and other consumers, are uniting in support of this legislative package, which supporters said will enhance the implementation of the Sustainable Insurance Strategy this year and beyond.
"We appreciate Insurance Commissioner Lara and Legislative Leaders for providing substantive measures to address our current insurance crisis and its impact on
"Our communities demand action on the insurance crisis, and this bill package is a critical step forward," said
"
"


“We Must Fund Oppositions Properly to Save Democracy”
How climate change could shape Eugene's housing market and home insurance
Advisor News
- How can more Americans achieve financial independence?
- Savers vs. spenders: How money management attitudes impact financial confidence
- Demonstrating the value of life insurance to Gen Z
- Poor money habits are a dealbreaker in a new relationship
- DC plan sponsors see opportunity in alternatives
More Advisor NewsAnnuity News
- CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
- KBRA Assigns Rating to TruSpire Retirement Insurance Company
- Partial annuitization: How advisors can help clients balance income, growth
More Annuity NewsHealth/Employee Benefits News
- New Life Science Study Findings Recently Were Reported by Researchers at Johns Hopkins University Bloomberg School of Public Health (Formulary-Related Insurance Denials of Single-Source Branded Drugs in the United States): Life Science
- Trademark Application for “MEMORIAL HERMANN HEALTH PLAN MEDICARE ADVANTAGE PLANS HEALTH PLAN COMMERCIAL GROUPS” Filed by Memorial Hermann Health System: Memorial Hermann Health System
- Harrison: Rising health insurance exchange costs bad news for working poor in MS
- 94% of Americans say Congress must act on health care costs
- They harvest the nation’s food, but a new rule may strip them of health insurance
More Health/Employee Benefits NewsLife Insurance News
- How can more Americans achieve financial independence?
- AM Best Assigns Credit Ratings to MAAGAP Insurance Inc.
- Critical care riders: the living benefit more clients should understand
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Upgrades Credit Ratings of Sagicor Financial Company Ltd. and Most of Its Subsidiaries
More Life Insurance News