California to Establish Home And Community Hardening Standards for Insurance

California to Establish Home And Community Hardening Standards for Insurance

2021-02-08 19:16:02
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California Insurance Commissioner Ricardo Lara announced on Monday a new partnership between the California Department of Insurance and the Gavin Newsom government to set statewide standards for hardening homes and communities aimed at reducing the risk of wildfires, protecting lives and property and making insurance available and affordable for residents and businesses.

The partnership includes the Governor & # 39; s Office of Emergency Services, the California Department of Forestry and Fire Protection, the Governor & # 39; s Office of Planning and Research, and the California Public Utilities Commission.

While California has existing wildfire building standards for new development, as set by Calfire, the new partnership, consisting of wildfire, catastrophe and insurance experts, will set consistent standards based on fire science and apply to retrofits for older existing homes to help them find and maintain insurance coverage, "giving policyholders and insurance companies a shared strategy to reduce the risk of wildfires," a CDI announcement said on Monday.

"With rigorous home and community standards, Californians can hope to save lives and property through safer homes while increasing the availability of insurance," Lara said in a statement. “Our insurance market is responding to a higher risk of wildfires, so protecting homes will help consumers find and keep their insurance. I look forward to working with the Newsom government and its government in this critical effort to protect homes and communities from the loss of wildfires. "

The American Property Casualty Insurance Association has been contacted for comment. The APCIA is the foremost national trade association for home, auto and corporate insurers.

The partnership is the final step to implement regulatory and administrative measures that Lara announced on September 16, 2020, using its existing regulatory authority under voter-approved Proposition 103 to protect the state's insurance market.

Lara to announce a mandatory one-year moratorium on insurance companies not renewing or canceling home insurance policies in November 2020, a move he says is aimed at helping 2.1 million policyholders affected by the record 2020 season so far In October last year, he pledged to step up efforts to protect the residents of the state from wildfires and to address a decline of private insurers from the most risky areas of the state.

Last year, Newsom signed legislation to improve consumer protections for wildfire survivors, including Senate Bill 872, drafted by Senator Bill Dodd and sponsored by Commissioner Lara, among other measures. In its signature notice for SB 872 and Assembly Bill 3012, Governor

The cooperating agencies and departments are expected to meet this month.

Related:

announced on Monday a new partnership between the California Department of Insurance and the Gavin Newsom government to set statewide standards for hardening homes and communities aimed at reducing the risk of wildfires, protecting lives and properties and making insurance available and affordable for residents and businesses.

The partnership includes the Governor & # 39; s Office of Emergency Services, the California Department of Forestry and Fire Protection, the Governor & # 39; s Office of Planning and Research, and the California Public Utilities Commission.

While California has existing wildfire building standards for new development, as set by Calfire, the new partnership, consisting of wildfire, catastrophe and insurance experts, will set consistent standards based on fire science and apply to retrofits for older existing homes to help them search and maintain insurance, "giving policyholders and insurance companies a shared strategy to reduce the risk of wildfires," a CDI announcement said on Monday.

"With the high standards for home and community, Californians can hope to save lives and property through safer homes while increasing the availability of insurance," Lara said in a statement. “Our insurance market is responding to a higher risk of wildfires, so protecting homes will help consumers find and keep their insurance. I look forward to working with the Newsom government and its government in this critical effort to protect homes and communities from the loss of wildfires. "

The American Property Casualty Insurance Association has been contacted for comment. The APCIA is the foremost national trade association for home, auto and corporate insurers.

The partnership is the final step to implement regulatory and administrative measures that Lara announced on September 16, 2020, using its existing regulatory authority under voter-approved Proposition 103 to protect the state's insurance market.

Lara to announce a mandatory one-year moratorium on insurance companies not renewing or canceling home insurance policies in November 2020, a move he says is aimed at helping 2.1 million policyholders affected by the record 2020 season so far In October last year, he pledged to step up efforts to protect state residents from wildfires and to address a decline of private insurers from the most risky areas of the state.

Last year, Newsom signed legislation to improve consumer protections for wildfire survivors, including Senate Bill 872, drafted by Senator Bill Dodd and sponsored by Commissioner Lara, among other measures. In its signature notice for SB 872 and Assembly Bill 3012, Governor

The partner offices and departments are expected to meet this month.

Related:

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