Tag: fire insurance
325,000 Homeowners, Renters in Wildfire Counties Won’t Lose Homeowners Insurance
California Insurance Commissioner Ricardo Lara announced a new one-year moratorium protecting 325,000 homeowners and renters in 22 counties from having their fire insurance dropped on Monday. The new mandatory one-year moratorium on non-renewals covers those with insurance in ZIP codes...
Insurance Commissioner Lara Extends Insurance Cancelation Moratorium in Wildfire Areas
On Thursday, California Insurance Commissioner Ricardo Lara announced that, for the second year in a row, a one-year moratorium would be placed on insurers from canceling or not-renewing homeowners policies in wildfire-affected ZIP codes. Altogether, the announcement will affect 2.1...
Fire Policies Can No Longer Be Dropped By Insurance Companies In California
After years of rising numbers of wildfires and insurance claims against wildfires skyrocketing in California, the California Insurance Commission announced Thursday that homeowner policies will no longer be canceled in wildfire-affected areas. At an Oakland Hills news conference, California Insurance...