Ricardo Lara

WILDFIRE INSURANCE CRISIS LEADS COMMISSIONER TO CALL FOR FIRST-EVER STATEWIDE NON-RENEWAL MORATORIUM

Action to head off growing insurance availability crisis follows passage of new law and Governor’s emergency declarations 
 
Source: California Insurance Commissioner’s office
 
December 7, 2019 (Sacramento) -- Insurance Commissioner Ricardo Lara has issued a mandatory one-year moratorium on insurance companies non-renewing policyholders--helping at least 800,000 homes in wildfire disaster areas in Northern and Southern California. The commissioner’s action is the result of Senate Bill 824—authored last year by Lara while serving as state senator—in order to give temporary relief from non-renewals to residents living near a declared wildfire disaster. This is the first time the department has invoked the new law, which took effect in January.