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California enacts moratorium on insurance cancellations in wildfire-affected regions

share-iconFriday, January 10 comment-icon1 week ago 4 views
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thehillTHEHILL
California enacts moratorium on insurance cancellations in wildfire-affected regions

Credited from: THEHILL

  • California's insurance commissioner has implemented a one-year moratorium on insurance policy nonrenewals and cancellations.
  • The decision specifically targets areas affected by devastating wildfires near Los Angeles.
  • Insurance Commissioner Ricardo Lara aims to alleviate the pressure on victims seeking new insurance.
  • The mandate applies to properties in all ZIP codes within or adjacent to the fire perimeter, with potential expansions.
  • As of now, ten fatalities have occurred due to the ongoing wildfires, which have destroyed thousands of homes.

For the full article, visit The Hill.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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