WILDFIRE SAFETY LEADS COMMISSIONER LARA'S AGENDA AS GOVERNOR NEWSOM SIGNS SPONSORED BILLS
The following information was released by the
Putting money in people's pockets, strengthening incentives, and introducing the nation's first public wildfire model
"Investing in mitigation is essential to tackling the insurance crisis. We are not powerless in this fight. With these new laws, we can equip consumers with the resources needed for necessary work while putting money in their pockets," said Insurance Commissioner
These new protections build on the Safer from Wildfires initiative, a groundbreaking insurance discount regulation enacted by Commissioner Lara in 2021 that outlines proven and achievable wildfire safety actions. Safer from Wildfires is the first plan of its kind in the nation, proactively created to mitigate wildfire risk before disasters occur.
AB 888 (Assembly Member
These measures are among the most impactful yet costly, and homeowners have consistently communicated their desire to undertake this work but lack the financial means. The California Safe Homes Act provides financial assistance for these essential projects.
SB 429 (Senator
AB 1 (Assembly Member
The California Safe Homes Act and the Insurance and Wildfire Safety Act have garnered support from over a dozen local governments and major consumer groups, including the
"Homeowners shouldn't be left in the dark about how decisions about their insurance are made. SB 429 will create the nation's first wildfire public catastrophe model to help homeowners understand whether they're getting a fair deal, and it will give communities, local governments, and first responders better tools to prepare for and respond to wildfires. When homeowners know their wildfire risk, they can take meaningful steps to reduce it, protecting their property and lowering their insurance costs." Senator
"Now that AB 1 has become law,
"One thing is clear: wildfire safety worksand we must scale it like never before," said Commissioner Lara. "I am grateful to the many legislators and partners who worked with me to champion these important issues, and I thank


LEADER JONES' MOBILE HOME INSURANCE BILL SIGNED INTO LAW
COMMISSIONER LARA APPLAUDS GOVERNOR'S SIGNING OF NEW CONSUMER PROTECTIONS FOR CALIFORNIA WILDFIRE SURVIVORS
Advisor News
- Estate planning during the great wealth transfer
- Main Street families need trusted financial guidance to navigate the new Trump Accounts
- Are the holidays a good time to have a long-term care conversation?
- Gen X unsure whether they can catch up with retirement saving
- Bill that could expand access to annuities headed to the House
More Advisor NewsAnnuity News
- Insurance Compact warns NAIC some annuity designs ‘quite complicated’
- MONTGOMERY COUNTY MAN SENTENCED TO FEDERAL PRISON FOR DEFRAUDING ELDERLY VICTIMS OF HUNDREDS OF THOUSANDS OF DOLLARS
- New York Life continues to close in on Athene; annuity sales up 50%
- Hildene Capital Management Announces Purchase Agreement to Acquire Annuity Provider SILAC
- Removing barriers to annuity adoption in 2026
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- Reliance Standard Life Insurance Company Trademark Application for “RELIANCEMATRIX” Filed: Reliance Standard Life Insurance Company
- Jackson Awards $730,000 in Grants to Nonprofits Across Lansing, Nashville and Chicago
- AM Best Affirms Credit Ratings of Lonpac Insurance Bhd
- Reinsurance Group of America Names Ryan Krueger Senior Vice President, Investor Relations
- iA Financial Group Partners with Empathy to Deliver Comprehensive Bereavement Support to Canadians
More Life Insurance News