On Wednesday, the Senate Insurance Committee held an informational hearing to once again look at the issue of residential insurance non-renewals in high wildfire risk areas throughout California. Representatives from the California Department of Insurance and the insurance industry sparred back and forth over what would best fix the problem – a mandate to write policies versus allowing insurers to raise rates statewide to a more nationally competitive average. The hearing also featured representatives from the reinsurance industry and the companies that provide catastrophe modeling for the insurers.
RCRC testified at the hearing, noting that all parties have been discussing the non-renewal issue for several years with little movement on a real solution, leaving rural residents caught in the middle. The hearing offered little resolution, but Committee Chair Senator Susan Rubio noted that more hearings on the topic would be scheduled in the near future.