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Fire insurance renewal mandate worries insurers, experts

Fire insurance renewal mandate worries insurers, experts

By Chris Reed California Insurance Commissioner Ricardo Lara’s recent decision to put a one-year moratorium on insurance companies refusing to renew policies on homes in areas adjacent to recent devastating wildfires has garnered widely mixed reaction. Lara’s decision ensures roughly 800,000 homeowners can have policies renewed. It’s allowed under Senate Bill 824, which Lara shepherded […]