Insurance Commissioner Lara issues statement on Governor Newsom’s pledge to mitigate wildfire risks
News: 2020 Press Release
LOS ANGELES, Calif. — Insurance Commissioner Ricardo Lara issued the following statement on Governor Gavin Newsom's signing of Department of Insurance-sponsored Senate Bill 872 (Dodd) and Assembly Bill 2756 (Limón/Bloom) and the Governor’s commitment to “work together to better mitigate wildfire risks” with the Insurance Commissioner in his signing message:
“Governor Newsom's signing of legislation for future wildfire survivors will make sure they have the time and resources to recover. And the Governor's pledge to work together with me and the California Department of Insurance to reduce wildfire risk through hardening our homes and communities against wildfire will mean fewer lives lost, fewer homes burned, and increased insurance availability for homeowners in the long term through a competitive insurance market.”
“The availability and affordability of insurance is on many Californians' minds and I invite them to participate in our virtual investigatory hearing on October 19, 2020 as I take action under Proposition 103 to protect consumers and sustain our insurance market.”
The California Department of Insurance, established in 1868, is the largest consumer protection agency in California. Insurers collect $371 billion in premiums annually in California. Since 2011 the California Department of Insurance received more than 1,000,000 calls from consumers and helped recover over $469 million in claims and premiums. Please visit the Department of Insurance website at www.insurance.ca.gov. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.
