X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
To develop a parametric insurance solution — one innovative way to address wildfire risk — a policy is structured with certain events plainly stated in order for coverage to be automatically triggered. (Photo: Phil Pacheco/Bloomberg) The announcement Monday aligned with Lara’s campaign to push insurance companies to resume selling policies and coverages to homeowners in fire-prone communities.  (Photo: Phil Pacheco/Bloomberg)

As wildfire seasons only continue to worsen in recent years, California state regulators announced new rules on home ‘hardening,’ creating incentives for retrofitting older homes to make them more resilient to fires.

This initiative is a joint effort by California’s Department of Insurance, Cal Fire, the Governor’s Office of Emergency Services, the Public Utilities Commission and the Governor’s Office of Planning and Research.

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

 

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.