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Board signals intent to pursue reforms after hearing on post‑fire underinsurance; staff to return with options
Summary
Following an informational hearing on underinsurance in wildfire recovery, the board asked staff to prepare options — including possible statutory changes or Department of Insurance actions — to improve consumer transparency and safeguards after disasters.
Board members on June 18 discussed consumer protection and underinsurance after wildfire losses and directed staff to return with options to improve transparency and safeguards, including potential legislative proposals and Department of Insurance actions.
Vice Chair Sally Lieber, who convened an earlier informational hearing on survivor recovery, said the board would examine policy options that increase clarity for…
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