Insurance Commissioner Ricardo Lara unveils a plan to shore up the California insurance market for homeowners. Insurers would return to wildfire zones, but would have an easier path to rate
Officials including Governor Gavin Newsom are working to stabilize the state’s insurance market. In an attempt to keep insurers in California, the state will allow insurance companies to consider climate change when setting prices.
A new plan from California's insurance commissioner aims to stop the nation's top insurers from leaving the wildfire-prone state by letting them consider climate risks when setting their prices.
The governor and insurance commissioner plan to shore up the market after lawmakers failed to hammer out a last-minute deal at the end of the legislative session.