CSAC Bulletin Article

Make the County Voice Heard on the California’s Homeowners Insurance Market

March 21, 2024

Counties are presented with a unique opportunity to actively engage in shaping local perspectives as the state progresses towards enacting insurance reform.

The Little Hoover Commission, an independent state oversight agency, is set to convene a series of hearings on the California’s Homeowners’ Insurance Market. These hearings will review the availability of homeowners’ insurance in the state and assess current strategies to regulate the homeowners’ insurance market and explore additional policy solutions.

Public comments will be heard at the end of the public hearing. CSAC highly encourages counties to participate, offer insights and provide suggestions that could profoundly influence the policy landscape emerging from these deliberations. The first hearing will be held Thursday, March 28th, at 10:00am in person and virtually.

To Attend In Person
Coastal Hearing Room
CalEPA Headquarters Building
1001 I Street, Sacramento, California 95814
To Join Virtually via Zoom
URL: https://bit.ly/3Pfq49V
Phone: (888) 788-0099
Webinar ID: 960-2640-8729
Passcode: 189925

Furthermore, the California Department of Insurance (CDI) released proposed catastrophe modeling regulation which expands the allowable use of catastrophe models to include wildfire, terrorism, and flood lines for homeowners and commercial insurance lines. Catastrophic insurance losses are defined as those that are larger and affect multiple policyholders as a result of a severe event, such as a wildfire affecting dozens of homes compared to a common house fire.

CDI will host a public workshop to take input on the proposed regulation on April 23, 2024, at 2PM/PT.

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