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California insurance commissioner halts nonrenewals for wildfire-affected homeowners and offers in-person support
Summary
Insurance Commissioner Ricardo Lara issued a one-year moratorium on cancellations and nonrenewals for homeowners in affected areas, directed insurers to extend payment grace periods and scheduled in-person insurance help workshops for survivors.
California Insurance Commissioner Ricardo Lara said he has used his authority to impose a moratorium stopping nonrenewals and cancellations for homeowners affected by the Palisades and Eaton fires for one year. “I am using my moratorium power to stop all non renewals and cancellations,” Lara said, adding the protection applies even if a home was not damaged or destroyed but is near the wildfires.
Lara…
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