Sacramento, CA -- California Insurance Commissioner Ricardo Lara would investigate and develop solutions to ensure affordable, accessible insurance for homeowners in wildfire areas and report back to the legislature, under amendments to AB 2167 adopted by the Senate Appropriations Committee yesterday. The bill asks the Commissioner to study the models insurance companies use to set home and renters insurance rates, strategies to address problems in the insurance markets, and the price and pass-through of “reinsurance” expenses. The bill now heads for a vote by the full Senate.

The following was originally published as an op-ed commentary in the SACRAMENTO BEE on August 11, 2020: https://www.sacbee.com/opinion/article244870462.html

Three democratic procedures safeguard Californians against hasty and dangerous actions by the California State Legislature:

▪ Every bill gets a legislative hearing.

▪ Committee staff provides an impartial analysis of each bill.

▪ Members of the public are heard.