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Waters and Sherman introduce bill to address gaps in wildfire insurance coverage

  • Two California representatives, Maxine Waters and Brad Sherman, reintroduced the Wildfire Insurance Coverage Study Act to assess home insurance in high wildfire risk areas.
  • The bill aims to examine the availability and affordability of home insurance in fire-prone areas and gather data on disparities in access.
  • Over 12,000 homes have been destroyed by wildfires in the Greater Los Angeles area, with initial estimates of insured losses reaching up to $30 billion.
  • California lawmakers also introduced bills to support renters and homeowners affected by the fires, including raising pay for inmate firefighters.
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Los Angeles TimesLos Angeles Times
+2 Reposted by 2 other sources

Waters and Sherman introduce bill to address gaps in wildfire insurance coverage

Reps. Maxine Waters and Brad Sherman reintroduce legislation that would require a study assessing the danger wildfires pose and the market for homeowners' insurance.

·Los Angeles, United States
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ABC AustraliaABC Australia

Pub owner's plans turn to misery as insurers deny bushfire coverage

Asip Memishi's family pleaded with him to leave as he prepared to defend his pub from bushfire in Victoria's Grampians. He knew if it burned, he wouldn't be able to rebuild.

·Australia
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The NationThe Nation

The Insurance Crisis Looming in California as the Wildfires Burn

Sasha Abramsky California’s Department of Insurance has worked to repair the broken insurance system, but the LA fires threaten to undo the progress the state has made. The post The Insurance Crisis Looming in California as the Wildfires Burn appeared first on The Nation.

·Washington, United States
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Firstpost NewsFirstpost News

LA wildfires may accelerate flight of home insurance companies

The devastating wildfires that are sweeping Los Angeles could push home insurance companies to leave California, despite new regulations meant to keep them, according to a report, citing the state’s former top insurance official.

·Mumbai, India
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BloombergBloomberg

California Adds More ZIP Codes to Insurance-Cancellation Ban

California sought to protect more Los Angeles-area homeowners from potentially losing their home-insurance policies as wildfires continued to ravage the region.

·United States
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altnews.orgaltnews.org

California wildfires push home insurance to the brink: Will homes remain insurable? – altnews.org

California wildfires push home insurance to the brink: Will homes remain insurable? Wildfires in California are causing a crisis in

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Bloomberg broke the news in United States on Wednesday, January 15, 2025.
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