The moratorium issued by California Commissioner Ricardo Lara requires insurers to keep these policyholders for a year and covers people who live near some of 2021’s largest wildfires, such as the KNP Complex in Sequoia National Park. Lara’s order means that moratoriums are now in effect in parts of 31 counties affected by wildfires this… Continue reading CA Insurance Commissioner Bans Insurers from Dropping Homeowners in 2021 Wildfire Zones
Tag: Commissioner Ricardo Lara
Department Issues Revised Pan of Operation for CA’s FAIR Plan
The California Department of Insurance on December 19 issued a revised plan of operation for the California FAIR Plan Association (FAIR Plan) as required under California law. The action furthers Insurance Commissioner Ricardo Lara’s November 14 order, which revoked portions of the FAIR Plan’s current plan of operation and ordered the “insurer of last resort”… Continue reading Department Issues Revised Pan of Operation for CA’s FAIR Plan
How Does California’s New FAIR Law Protect Vulnerable Residents?
California officials announced Wednesday, December 18, 2019, that a new law passed in the state temporarily stopping insurance companies from dropping customers in recently affected wildfire areas. The new law protects more than a million homes in these areas. Almost 1 Million Affected by Wildfires This comes as welcomed news to more than 800,000 residents… Continue reading How Does California’s New FAIR Law Protect Vulnerable Residents?