Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board hearing review: members plan follow‑up on homeowner underinsurance and algorithmic valuation concerns
Summary
Vice Chair Lieber said the board will develop policy options after an informational hearing on homeowner underinsurance and algorithmic valuation; she plans to bring draft proposals to the board aimed at improving transparency and safeguards for consumers.
At a June 18 informational session, board members heard testimony about homeowner underinsurance after California wildfires and the use of algorithmically‑driven replacement cost estimators by insurers and third parties.
Vice Chair Sally Lieber — who convened the public hearing in May and summarized its findings for the June meeting — said the board will work on policy options that include both modest administrative changes and potential statutory…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
