SACRAMENTO, Calif. — Amid mounting cries of California homeowners being denied wildfire insurance in high-risk areas, lawmakers want to require insurance companies to cover all existing homes, as long as they meet new safety standards. The measure, coming after years …
California Insurance Commissioner Ricardo Lara will have to choose whether he wants insurers to charge higher rates or to stop writing homeowners insurance in fire-prone areas, an industry representative said following new wildfire directives announced by the commissioner. Lara on …
SACRAMENTO, Calif. — New California data shows insurance companies declined to renew nearly 350,000 home insurance policies in areas at high risk for wildfire since the state began collecting data in 2015. The data released this week did not say …