(INSIDE CALIFORNIA POLITICS) — The devastating wildfires burning in Southern California may have monetary ramifications for residents throughout the state.
California Insurance coverage Commissioner Ricardo Lara Modifications confirmed that current coverage adjustments would enable non-public firms to move prices alongside to all prospects within the state if they’re requested to cowl the prices within the occasion that California’s FAIR Plan insurance coverage turns into bankrupt.
“Just as we have done this when Southern California folks tell me the exact same thing when there are fires raging in Northern California, we’re in this together,” Lara stated. “…This is a statewide issue and we’re going to have to come together as Californians to solve this.”
