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California Insurance Commissioner Orders Halt on Home Policy Cancellations in Fire Zones

share-iconSaturday, January 11 comment-icon3 weeks ago 8 views
News sources:
latimesLATIMES
California Insurance Commissioner Orders Halt on Home Policy Cancellations in Fire Zones

Credited from: LATIMES

  • California Insurance Commissioner Ricardo Lara has announced a moratorium preventing insurers from canceling or non-renewing home policies in fire-affected areas.
  • The moratorium, effective for one year, follows a state of emergency declaration by Gov. Gavin Newsom, impacting residents in the Pacific Palisades and Eaton fire zones.
  • Lara encouraged insurers to pause recent cancellations or non-renewals issued in the last 90 days, although he lacks legal authority to enforce this.
  • The Pacific Palisades fire has become the most destructive in Los Angeles history, consuming over 20,000 acres and leading to significant property loss.
  • Residents can verify their policy status and reach the Department of Insurance for violations via their website or helpline.

For complete details, visit the original article here.

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