Newsom Issues Executive Order to Strengthen Residential Property Insurance Market ...Middle East

Times of San Diego - News
Newsom Issues Executive Order to Strengthen Residential Property Insurance Market
The charred ruins of a mobile home park in Siskiyou County in 2022. Courtesy OnScene.TV Gov. Gavin Newsom issued an executive order Thursday directing California’s Insurance Commissioner to expand coverage options for homeowners while keeping plans affordable. The order comes after both State Farm and Allstate have stopped issuing new policies over the threat of destructive wildfires. “We can expect more of this to come in the short term,” Newsom said. “That is why it is critical for the Insurance Commissioner to act quickly to help stabilize the state’s marketplace, while maintaining consumer protections and fair rates.” The order specifically directs Insurance Commissioner Ri

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