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State insurance rules to require wildfire-risk transparency and discounts; insurers’ market exits and FAIR Plan role worry residents
Summary
The California Department of Insurance outlined a 'Safer from Wildfire' framework that requires insurers to share wildfire risk scores and offers discounts for mitigation; speakers warned the changes may increase availability but not affordability and advised residents on appeals and resources.
The California Department of Insurance told a San Bruno audience that new regulations will require insurers to disclose wildfire risk scores to policyholders and offer explicit discounts for documented home‑hardening and defensible‑space actions, while a larger sustainable-insurance strategy aims to allow forward‑looking catastrophe models and California‑only reinsurance in rate filings.
"Insurance companies are leaving the state," Lisa Strange, the Department of Insurance’s Northern California outreach manager, told attendees. She summarized market pressures—more frequent disasters, rising…
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