As California struggles to keep some of the nation's largest property insurers in the state, California Insurance Commissioner Ricardo Lara on Wednesday told state lawmakers the state's market could stabilize under his proposed plan by 2025, but it will mean higher prices for consumers.
A proposal by California's insurance regulator to require insurers to write more policies in areas at risk of wildfires is more a promise than a plan, but
Obtaining new homeowners insurance policies and even securing renewals on existing policies has become increasingly difficult in parts of the Midpeninsula and throughout the state considered high-risk for wildfires.