California will soon require insurers to increase home coverage in wildfire-prone areas
Headline from WHEC Rochester
SACRAMENTO, Calif. (AP) — Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in fire-prone areas if they want to keep doing business in California under a state reg…
WHEC Rochester's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
SACRAMENTO, Calif. (AP) — Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in fire-prone areas if they want to keep doing business in California under a state reg…
Insurance companies in California will have to offer coverage to homeowners in wildfire-prone areas under a new state regulation that was announced Monday.
The regulation would require insurers to increase their coverage to high-risk areas by making policies that account for 85% of their state market share.
The rule will require home insurers that write policies in the state to offer coverage in high-risk areas, something the state has never done, Insurance Commissioner Ricardo Lara's office said in a statement.
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California will soon require insurers to increase home coverage in wildfire-prone areas | Since Then
