California Bill Aimed at Property Insurance in Communities Investing in Wildfire Prevention
Assemblyman Marc Levine, D-Marin County, has introduced Assembly Bill 3258, which would require property insurance providers to take into consideration local government investments in wildfire prevention when determining insurance rates.
California Insurance Commissioner Ricardo Lara and a group of Legislators earlier this month introduced Assembly Bill 2367, which is being called Renew California. That bill would require admitted insurance companies to write or renew policies for existing homes in communities that meet a new statewide standard for fire-hardening. The bill also would authorize the insurance commissioner to require insurance companies to offer financial incentives for homeowners to do the work to make their homes more fire-safe.