As some Californians continue scrambling for ways to affordably insure their homes, Gov. Gavin Newsom on Friday announced a push to expedite how quickly insurance companies can increase rates.
Tag: Gov Newsom
California Leaders Announce Major Home Insurance Reform in Light of Wildfires, Floods
Gov. Gavin Newsom and California’s Insurance Commissioner said they are overhauling the regulation of the state’s home insurance market that’s changed drastically because of disasters caused by climate change, which will likely make the insurance more available but also more expensive.