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Appropriations committee gives due-pass recommendation to AB 1339, orders study of affordable-housing insurance availability
Summary
Committee gave a due-pass recommendation to AB 1339, a bill directing the Department of Insurance (on appropriation) to study availability and affordability of property and builders-risk insurance for affordable-housing entities. The committee recorded a motion and partial roll call and put the measure on call for absent members.
The Appropriations Committee gave a due-pass recommendation to AB 1339, a bill that would (upon appropriation) require the Department of Insurance to study availability and affordability of property, liability and builders-risk insurance for affordable-housing providers and report back within a year.
Assemblymember Gonzales presented the bill and said rising insurance costs are straining affordable housing providers that cannot pass premium…
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