December 10, 2019
California has issued a mandatory one-year moratorium on insurance companies non-renewing policyholders in a bid to provide temporary relief to residents hit by recent wildfires. Insurance Commissioner Ricardo Lara believes the moratorium will help at least 800,000 homes in wildfire disaster areas in Northern and Southern California, while helping to stabilise the insurance market.  ...
As posted at: Reinsurance News

December 10, 2019
Ricardo Lara also called on companies to voluntarily stop sending non-renewal notices in other regions   With an increasing number of California homeowners complaining about insurance companies dropping their fire coverage, Insurance Commissioner Ricardo Lara on Thursday issued a moratorium on non-renewals in some areas, demanding that providers insuring homeowners adjacent to...
As posted at: Enterprise-Record

December 10, 2019
The state insurance commissioner took a bold step Thursday to prevent property insurance companies from dropping a slew of homeowner customers, banning insurers for a year from canceling coverage for people residing in or near areas where the state’s 16 wildfires burned this year.   It protects 140,000 policyholders living close to the Kincade fire that sparked in north Sonoma County...
As posted at: The Press Democrat

December 10, 2019
Insurance Commissioner Ricardo Lara on Thursday issued a mandatory one-year moratorium on insurance companies non-renewing policyholders — helping at least 800,000 homes in wildfire disaster areas in Northern and Southern California, a news release states, but Nevada County residents will not be impacted by the policy change.   The one-year moratorium only includes customers living in...
As posted at: The Union

December 10, 2019
Helping at least 800,000 homes in wildfire disaster areas in Northern and Southern California, Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies non-renewing policyholders Thursday. The action is the result of Senate Bill 824 in order to give temporary relief from non-renewals to residents living near a declared wildfire disaster. This is the first...
As posted at: Gold Country Media

December 8, 2019
Really good news regarding insurance companies cancelling homeowner policies in areas devastated by wildfires. California Insurance Commissioner Ricardo Lara on Thursday, Dec. 5, issued a mandatory one-year moratorium on insurance companies non-renewing policyholders — helping at least 800,000 homes in wildfire disaster areas in California. Lara’s action is the result of Senate Bill 824 —...
As posted at: The Ukiah Daily Journal

December 6, 2019
The state insurance commissioner took a bold step Thursday to prevent property insurance companies from dropping a slew of homeowner customers, banning insurers for a year from canceling coverage for people residing in or near areas where the state’s 16 wildfires burned this year. It protects 140,000 policyholders living close to the Kincade fire that sparked in north Sonoma County in late...
As posted at: The Press Democrat

December 5, 2019
Insurance Commissioner Ricardo Lara on Thursday issued a mandatory one-year moratorium on insurance companies non-renewing policyholders — helping at least 800,000 homes in wildfire disaster areas in Northern and Southern California, a news release states, but Nevada County residents will not be impacted by the policy change. The one-year moratorium only includes customers living in a state-...
As posted at: The Union

December 5, 2019
OAKLAND, Calif. (KGO) -- Beginning on Thursday insurance companies doing business in California cannot cancel a homeowners policy in fire zone areas. The moratorium is good for one year. This action will help residents of more than 800 thousand homes in wildfire areas whose policies were not renewed. Ten months after Sean Coffey purchased his home in Montclair, he lost his insurance coverage...
As posted at: ABC 7 News

December 5, 2019
Action to head off growing insurance availability crisis follows: OAKLAND, Calif. — Today Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies non-renewing policyholders--helping at least 800,000 homes in wildfire disaster areas in Northern and Southern California. The commissioner’s action is the result of Senate Bill 824 — authored last year by...