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

Politics

1 year ago

News sources:

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.

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