Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board schedules May 28 hearing on wildfire disaster relief and underinsurance
Summary
The Board approved a one‑hour informational hearing for its May 28 meeting to examine wildfire recovery, property replacement‑cost shortfalls and insurer underwriting models that may underinsure homeowners after catastrophic fires.
The Board of Equalization on April 20 approved a one‑hour informational hearing to be held at the board's May 28 meeting focused on wildfire disaster relief, recovery issues and the impact of insufficient replacement‑cost estimates used by insurers.
Vice Chair Sherry Lieber moved the hearing request, citing recent reporting that “flawed algorithms and processes put homeowners at risk of being underinsured” in wildfire‑affected areas. She said the Board should examine how algorithmic replacement‑cost models,…
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
