wildfire insurance

STATE INSURANCE COMMISSIONER HOLDS INVESTIGATORY HEARING OCT. 19 ON INSURANCE COST AND AVAILABILITY AFTER WILDFIRES

Source: California Dept. of Insurance

 

Photo: Creative Commons via Bing

 

October 16, 2020 (Los Angeles) -- With devastating fires continuing to burn across California, Insurance Commissioner Ricardo Lara is convening an investigatory hearing to initiate a series of regulatory actions that will protect residents from the increasing risk of wildfires. Commissioner Lara is taking action to stabilize the insurance market while protecting lives and homes, reducing catastrophic wildfire losses and increasing transparency for consumers. 


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JACOB ASKS INSURANCE COMMISSIONER TO STOP INSURERS FROM DENYING COVERAGE TO LOCAL HOMEOWNERS DUE TO WILDFIRE RISKS

By Miriam Raftery

Photo: West Fire in Alpine, 2018

July 1, 2019 (San Diego’s East County) – Across California, some insurance companies have stopped writing policies for homes in areas at high risk for wildfires, even dropping policies for some long-standing customers, Voice of San Diego reported in mid-June. 

Now, Supervisor Dianne Jacob has written a letter on June 27 to California Insurance Commissioner Ricardo Lara urging him to take immediate action to “address the heavy-handed, blanket approach that insurance companies are currently utilizing to deny insurance though those who live in areas where wildfires may occur.” She also called on Lara to hold a public hearing in San Diego County on the issue, to allow residents to speak out and share concerns.


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Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.