Thursday marks the beginning of summer, but early wildfires have already scorched the outskirts of L.A. and the Bay Area. Many California homeowners find themselves more vulnerable than ever as major insurers abandon areas threatened by climate change-fueled fires. Gov. Gavin Newsom and state Insurance Commissioner Ricardo Lara have responded with efforts to ease regulations and boost coverage.
Reducing them over time will require consensus on how to handle combustible fuels near valuable property. That will take a lot of time and effort. California homeowners’ insurers are ready to do our part to secure an insurable future for the state. Rex Frazier is the president of the Personal Insurance Federation of California. By Jamie Court Home insurance companies have put Californians in a bind by refusing to sell new policies or renew many customers, leaving them with few coverage options.