Tag: California

Lawmakers, regulators, and industry groups are weighing reforms aimed at improving claims processes while addressing concerns about costs, timelines, and market stability.

The proposed legislation aims to establish a statewide framework for handling wildfire smoke damage insurance claims, which officials describe as the first effort of its kind in the United States.

SB 1076, introduced by state Sen. Sasha Renée Pérez, D-Alhambra, would mandate that insurers provide coverage to homes that comply with wildfire-safety standards adopted by the insurance commissioner.

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.

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.

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.

Governor Gavin Newsom has signed Senate Bill 495 creating new consumer protections for wildfire survivors in California.

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.

The recently introduced California Safe Homes Act (Assembly Bill 888) offers a lifeline for communities at risk and homeowners grappling with rising insurance costs.

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.