Supervisor Dawn Rowe calls on leaders to stabilize home insurance marketplace

On Tuesday, June 25th, 2024, the San Bernardino County Board of Supervisors unanimously passed Chair Dawn Rowe's resolution which calls on the Insurance Commissioner, Governor, and Legislature to implement measures to strengthen and stabilize California's property insurance marketplace.

Californians are finding it increasingly difficult to obtain insurance. Two of the State's largest insurance carriers, representing over 27 percent of the insurance market in California, announced they would stop issuing new homeowners and commercial property insurance policies in California; several others, representing more than another 36 percent of the market, announced plans to limit new policy origination.

As a result of this, the Board's resolution asks state leaders to take immediate emergency regulatory and legislative action to address the situation and provide relief. The resolution further asks them to work to expand coverage choices, improve the rate approval process, and take measures to assure the long-term resiliency of the marketplace.

Supervisor Rowe said, "Many of my constituents live in high-fire-risk areas where they were already faced with limited options for insurance. The state must do more to find workable solutions to address challenges that impede access, affordability, and choice. All our residents should have the ability to obtain essential insurance for protection and peace of mind."

To see the full resolution passed by the Board, please visit: https://sanbernardino.legistar.com/View.ashx?M=F&ID=13051512&GUID=0CC21CF4-0DC5-4B96-845D-47EAD824B95D