Newsom Calls on Regulators for New Solutions to California’s Insurance Crisis

Newsom calls on regulators for new solutions to California’s insurance crisis

As insurance companies continue to hike rates and cancel coverage for thousands of homeowners across fire-prone parts of California, Gov. Gavin Newsom is directing regulators to come up with new solutions to stabilize the state’s spiraling home insurance market. In an executive order this week, Newsom instructed the state insurance department to submit recommendations on insurance costs and accessibility, wildfire mitigation and compensation for…

Newsom calls for CA homeowner insurance recommendations in executive order

SACRAMENTO — Gov. Gavin Newsom on Tuesday asked the Department of Insurance to make recommendations about California’s troubled home insurance market as part of a larger effort to better understand how the state can mitigate damage from natural disasters.

Newsom explores public insurance subsidy, litigation limits

California governor's executive order tasks insurance regulator and other state agencies to make recommendations on mitigating wildfires, insurance affordability and availability, expediting insurance claims and more.

The Sacramento Bee - Gavin Newsom calls for CA homeowner insurance recommendations in executive order

By Stephanie Hobbs, SACRAMENTO BEE https://www.sacbee.com/news/politics-government/capitol-alert/article312330753.html Gov. Gavin Newsom on Tuesday asked the Department of Insurance to make recommendations about California’s troubled home insurance market as part of a larger effort to better understand how the state can mitigate damage from natural disasters. That request came in an executive order, which the Governor’s Office said […] The post …

Gov. Gavin Newsom calls for CA homeowner insurance recommendations in executive order

SACRAMENTO, Calif. — Gov. Gavin Newsom on Tuesday asked the Department of Insurance to make recommendations about California’s troubled home insurance market as part of a larger effort to better understand how the state can mitigate damage from natural disasters.