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California passes new laws to expand home insurance access, ease claims, and boost insurers amid rising wildfire risks and premiums.
California has enacted new laws to address its worsening home insurance crisis, including measures to expand access to coverage, streamline claims processes, and support the development of new insurers in the state.
The legislation aims to stabilize the market amid rising wildfire risks and increasing premiums, with provisions to help low-income homeowners and encourage private sector participation.
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California aprueba nuevas leyes para expandir el acceso al seguro de hogar, aliviar las reclamaciones e impulsar a las aseguradoras en medio del aumento de los riesgos de incendios forestales y las primas.