California Targets Nations First Wildfire Regulation To Lower Insurance Costs ...Middle East

Sacramento, CA – A first-in-the-nation regulation for tackling expensive home and business insurance will allow California owners to get a “risk score” to drive down costs. As the heat-stricken state saw several wildfires ignite recently, California’s Insurance Commissioner Ricardo Lara is working to make the state the first to lower insurance costs for property owners who make improvements to reduce their fire risk. The regulation requires that insurance companies give premium discounts on residential and commercial coverage to customers who follow new insurance standards announced in February. They include having a fire-resistant roof, at least 5 feet (1.5 meters) of defensible space aroun

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