THE LOS ANGELES FIRES WILL PUT CALIFORNIA’S NEW INSURANCE RULES TO THE TEST
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✍️ A severe brush fire in Los Angeles' Pacific Palisades neighborhood has burned 1,000 structures and forced tens of thousands of residents to evacuate, highlighting the impact of climate-fueled weather disasters on California's home insurance market.
👉 A severe brush fire in Los Angeles' Pacific Palisades neighborhood has burned 1,000 structures and forced tens of thousands of residents to evacuate. 👉 The fire has highlighted the impact of climate-fueled weather disasters on California's home insurance market. 👉 The state's insurance commissioner has unveiled reforms aimed at bringing companies back into the fold. 👉 The reforms include a requirement for insurers to do more business in high-risk areas. 👉 The changes have raised concerns about price hikes and availability gaps.
-- #RicardoLara #AmyBach #RexFrazier #JasonLloyd #JoelLaucher #PacificPalisades #LosAngeles #Pasadena #California #Paradise #LakeCounty #HiddenValleyLake #Colorado #Oregon #Altadena #environment
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