Could Companies Be Forced to Insure Homes in Wildfire Zones?
(TNS) — Insurance companies fleeing high-risk fire zones would have to stay put and even offer discounts if homeowners in those areas prepare for wildfires on a community-wide scale, under a new bill proposed in Sacramento on Tuesday.
The bill, AB 2367, has the backing of state Insurance Commissioner Ricardo Lara. It would mandate that starting in 2021, insurers would have to renew policies and continue to write new ones in communities that meet state standards for firescaping, or home hardening, that would be established before the law takes effect.