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One-Year Ban on Canceling Policies Due to Wildfire Risk

December 23, 2019

California has banned home insurers from dropping policies in areas vulnerable to the effects of wildfire risk. The new policy places a one-year moratorium preventing insurers from dropping customers in or alongside ZIP codes struck by recent wildfires. The moratorium covers some 800,000 homes around the state. The state has also asked insurers to voluntarily […]

Filed Under: At A Glance, Government Affairs, Industry News Tagged With: California Department of Insurance, catastrophic risk, home insurance, homeowner, insurance, policy cancellation, reinsurance, wildfire

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