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California Prohibits Insurance Cancellations in LA Fire-Affected Neighborhoods

share-iconFriday, January 10 comment-icon1 week ago 5 views
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bloombergBLOOMBERG
California Prohibits Insurance Cancellations in LA Fire-Affected Neighborhoods

Credited from: BLOOMBERG

  • California has enacted a ban preventing insurers from canceling or refusing to renew residential property policies.
  • The ban specifically targets Los Angeles neighborhoods impacted by recent destructive blazes.
  • This legislation aims to provide stability for homeowners in areas affected by wildfires.
  • Policyholders are assured of continued coverage as the state responds to the fire crisis in the region.
  • For further information, read the full article here.

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