Senate Bill 982, titled the Affordable Insurance Recovery Act, would allow the California attorney general to file civil litigation against oil and gas companies to recover costs associated with climate-induced disasters.
Tag: California
Legislative Update: California Proposes Disaster Recovery Reform Act Following 2025 Wildfires
California insurance regulators and lawmakers have introduced new legislation aimed at accelerating insurance claim payments and strengthening consumer protections in the aftermath of major disasters.
Commissioner Lara Introduces Long-Term Solvency Regulation to Protect Californians’ Financial Future
California’s insurance commissioner has announced a new regulation designed to strengthen the state’s financial resilience amid growing risks from climate change, cybersecurity threats, and emerging technologies.
California Enacts New Wildfire Insurance Protections Under Senate Bill 495
Governor Gavin Newsom has signed Senate Bill 495 creating new consumer protections for wildfire survivors in California.
California Insurance Commissioner Proposes Rule Changes Amid Criticism
California Insurance Commissioner Ricardo Lara has introduced a proposal to alter the state’s insurance rate-review process, sparking criticism from consumer advocates who say the plan would make it harder to challenge insurers’ requests for higher premiums.
California Safe Homes Act: A Bold Step Toward Wildfire Resilience and Insurance Relief
The recently introduced California Safe Homes Act (Assembly Bill 888) offers a lifeline for communities at risk and homeowners grappling with rising insurance costs.
Climate Resilience Through Insurance Innovation
In a significant step toward climate resilience, California Insurance Commissioner Ricardo Lara is backing new legislation designed to protect underserved communities from the escalating impacts of climate-related disasters.
California Approves New Insurance Changes to Stabilize the Market
California homeowners may soon see relief. On Friday, the state’s Department of Insurance announced it has received a procedural green light to make critical changes aimed at stabilizing the insurance market.
California Unveils Innovative Home Insurance Rules to Address Wildfire Risks
California is rolling out new insurance regulations designed to address challenges in wildfire-prone areas and ensure homeowners in high-risk zones have better access to coverage.
Major Insurers Pull Back in Fire-Prone California
In recent developments that underscore the growing impact of climate change on real estate and insurance industries, several major insurance providers have begun withdrawing from California, citing unprecedented wildfire risks.