wildfire cost – California Globe

Insurance Commissioner Lara Extends Insurance Cancelation Moratorium in Wildfire Areas

November 9, 2020 6:10 pmNovember 9, 2020 3:10 pm

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

December 7, 2019 2:16 amDecember 6, 2019 8:00 pm

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...