Consumer Alert on CDI Wildfire Actions
Commissioner Lara and Department of Insurance’s Wildfire Actions: Social Media Toolkit
In a significant move to protect California consumers and address the pressing challenges posed by climate change, Insurance Commissioner Ricardo Lara has unveiled the state's Sustainable Insurance Strategy. This ambitious strategy is aimed at safeguarding the overall health of the insurance market, comprised of consumers, homeowners and business owners, while ensuring long-term sustainability.
The strategy seeks a commitment from insurance companies to write a minimum of 85% of homes and businesses in distressed areas where normal insurance is hard to find. This will reverse a growing FAIR Plan and make sure that insurance is available, especially in high-risk regions.
Decreasing FAIR Plan Policyholders: Priority is given to homes and businesses that mitigate wildfire risk by following the Insurance Commissioner’s "Safer from Wildfires" regulation, facilitating a return to the open market and increasing options for consumers.
Writing new rules for Catastrophe Models and Mitigation: The strategy incorporates new catastrophe models that consider mitigation and hardening requirements, leading to more accurate risk pricing and offering discounts to consumers. This means more accurate premiums for all Californians so they don’t pay more than they should.
Modernizing the FAIR Plan: By expanding commercial coverage limits to $20 million per structure, the strategy addresses coverage gaps, benefiting homeowner associations (HOAs), affordable housing, and infill developments.
Following is a social and digital media toolkit designed to help you spread the word about Commissioner Ricardo Lara's latest actions to protect California homeowners, businesses, and the insurance marketplace. It includes topics like the recently announced Sustainable Insurance Strategy and the Safer from Wildfires approach. We encourage you to share it with your colleagues/customers/constituents by customizing and editing the content to suit your organization's voice and membership. Please note that photos included in this toolkit may be cropped and resized to fit various platforms, and please feel free to add your organization’s logo into the graphic. Below are suggested posts for X (Twitter), Facebook, Instagram, LinkedIn, and/or Threads.
Safer from Wildfires
Insurance Commissioner @ICRicardoLara announced Safer from Wildfires with state emergency leaders and consumers to protect people from wildfires. The Department of Insurance @CDInews is taking a ground-up approach to wildfire safety -- from the structure to the wider community.
Learn more: https://t.co/Tb3YDLHLBt
One way homeowners can do their part to protect their homes and communities before a fire is implement the actions in the Safer from Wildfires approach.
Learn more about #SaferfromWildfires & other Department of Insurance actions @CDInews here: https://t.co/Tb3YDLHLBt
The Department of Insurance (@CDInews) has clear & achievable action steps you can take to help you protect your families & property from wildfires.
Learn how being #SaferFromWildfires can help with your insurance: https://t.co/Tb3YDLHLBt
Sustainable Insurance Strategy
We're in this together! Commissioner @ICRicardoLara's Sustainable Insurance Strategy is modernizing the insurance marketplace and protecting you, your community, and our state. Find out how you can be a part of the change!
More at @CDInews: https://www.insurance.ca.gov/01-consumers/180-climate-change/SustainableInsuranceStrategy.cfm
Commissioner @ICRicardoLara has launched the Sustainable Insurance Strategy to bolster California's insurance market! Learn how this strategy benefits you and your insurance.
More info at @CDInews: https://www.insurance.ca.gov/01-consumers/180-climate-change/SustainableInsuranceStrategy.cfm
CA FAIR Plan
As part of his comprehensive effort to give Californians more insurance options, Commissioner @ICRicardoLara announced the FAIR Plan has agreed to more than double its existing commercial coverage limits to $20 million.
More info at @CDInews: https://www.insurance.ca.gov/0400-news/0100-press-releases/2023/release013-2023.cfm
Led by Insurance Commissioner Ricardo Lara, the California Department of Insurance is the consumer protection agency for the nation's largest insurance marketplace and safeguards all of the state’s consumers by fairly regulating the insurance industry. Under the Commissioner’s direction, the Department uses its authority to protect Californians from insurance rates that are excessive, inadequate, or unfairly discriminatory, oversee insurer solvency to pay claims, set standards for agents and broker licensing, perform market conduct reviews of insurance companies, resolve consumer complaints, and investigate and prosecute insurance fraud. Consumers are urged to call 1-800-927-4357 with any questions or contact us at www.insurance.ca.gov via webform or online chat. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.
