fire insurance

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. 
 

CALIF. SUPREME COURT UPHOLDS INSURANCE COMMISSIONER’S RIGHT TO ISSUE RULES PROTECTING FIRE SURVIVORS AND CONSUMERS

 

By Miriam Raftery

January 25, 2017 (Sacramento) -- In a sweeping victory for consumers, the California Supreme Court, in a 7-0 decision, upheld Insurance Commissioner Dave Jones’ authority to require that insurers’ replacement cost estimates must actually reflect the complete cost of rebuilding a policyholder’s home after a fire.

FIRE INSURANCE RATES FOR HOMEOWNERS, BUSINESS TO DROP IN HEARTLAND FIRE DISTRICT—THANKS TO DISTRICT ATTAINING “RARE” TOP NATIONAL RATING

 

By Miriam Raftery

Photo: Heartland Fire & Rescue Chief Rick Sitta delivers good news at El Cajon Council meeting

June 9, 2015 (San Diego’s East County) – If you live in the cities of El Cajon, La Mesa or Lemon Grove, your fire insurance rates will soon be going down. That’s because Heartland Fire & Rescue, which provides firefighting services for all three cities, has received a class 1 rating from the Insurance Services Office (ISO).   

The  ISO rates 47,000 fire departments across the United States and of those, only 98 have attained a class 1 rating, including only 8 fire districts in the entire state of California.  “Class 1 communities are very rare, and some of these scores are the highest we’ve ever seen,” says Stephanie Ruscansky from the ISO, who notes that only a small fraction of 1% of all agencies rated attain a Class 1 rating.