(b) legally prevented from reducing their risk by limiting coverage for wildfire, then the insurance options available to owners in these locations will continue to erode.
In October 2022, California Insurance Commissioner Lara enacted a new regulation (“Safer From Wildfires”)
requiring insurance companies to recognize mitigation efforts and provide discounts for these. This regulation applies to both personal and commercial insurance and was intended to assist community associations as well as individual homeowners, but there are some technical issues with the rule’s language that will prevent it from being much help to associations. This said, it’s still a great step for homeowners, and we’re thankful for it.
The Task Force is working to compile an up-to-date handout with talking points for homeowners to reference as they contact
their legislators and the California Department of Insurance. We are planning to host a (Virtual) Town Hall after Advocacy Week in April where we will review these talking points and answer questions about them.
If you haven’t already done so, we urge you to take a moment to sign up for CAI-CLAC email updates to stay informed. You can also follow us on LinkedIn, Facebook, Twitter, and YouTube for real-time updates on legislative news, resources, event updates, or legislative action.
Thank you for your support of CAI-CLAC and for your interest in the progress of our Wildfire Insurance Task Force. We are motivated to find sustainable solutions to this crisis, as we recognize the untenable burden it has created for so many California communities, and we’re grateful for your partnership in these efforts.
www.caioc.org
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