California bans insurers from dropping policies in wildfire areas

06-12-2019

California bans insurers from dropping policies in wildfire areas

Source: Pixabay

California’s insurance commissioner Ricardo Lara has issued a mandatory one-year moratorium on insurance companies non-renewing policyholders. The move will help at least 800,000 homes in wildfire disaster areas in Northern and Southern California.


Insurance commissioner, Insurance, Reinsurance, Senate Bill 824, one-year moratorium, non-renewing policyholders, Wildfires, Catastrophe, Ricardo Lara, USA

Intelligent Insurer