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Home / Posts / California's Insurance Crisis After Wildfire

California's Insurance Crisis After Wildfire

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4. New Regulations

California's Insurance Crisis After Wildfir_5

On December 30, 2024, California's insurance commissioner, Ricardo Lara, announced new regulations aimed at improving access to coverage. These rules were meant to encourage insurers to provide policies in high-risk areas. However, the timing was unfortunate, as wildfires erupted immediately after the announcement, complicating an already difficult situation.

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