Fix the California Insurance Crisis!
The California insurance market is facing a coverage crisis, with millions of Californians losing access to the insurance coverage they need to protect their homes and businesses. Addressing California’s insurance crisis is critical to meeting the needs of the state’s residents.
Sign the petition to urge the Insurance Commissioner to resolve the California insurance crisis by implementing the Sustainable insurance Strategy.
To the California Insurance Comissioner
The Sustainable Insurance Strategy is historic, the most significant modernization of the California insurance market since Proposition 103 passed in 1988.
Efforts by the California Department of Insurance to improve rate transparency and participant accountability are appreciated, but fallout from widespread non-renewals is causing more distress than the risk of higher insurance rates.
The reforms outlined in the Sustainable Insurance Strategy will bring insurers back to the market if correctly designed and implemented. And will better align California with how insurance is regulated across the United States.
Many consumers who are unable to access admitted market insurance coverage are being forced to parcel out insurance through the FAIR Plan, driving up costs, and reducing coverage. In turn harming local economies, and the ability to buy and sell real property. The insurance crisis has harmed the affordability of home ownership and has negatively impacted the financial livelihood of real estate agents, residential lenders, commercial lenders, developers and contractors.
Please enact all aspects of the Sustainable Insurance Strategy as quickly as possible.
Fix the California Insurance Crisis!
The California insurance market is facing a coverage crisis, with millions of Californians losing access to the insurance coverage they need to protect their homes and businesses. Addressing California’s insurance crisis is critical to meeting the needs of the state’s residents.
Sign the petition to urge the Insurance Commissioner to resolve the California insurance crisis by implementing the Sustainable insurance Strategy.
To the California Insurance Comissioner
The Sustainable Insurance Strategy is historic, the most significant modernization of the California insurance market since Proposition 103 passed in 1988.
Efforts by the California Department of Insurance to improve rate transparency and participant accountability are appreciated, but fallout from widespread non-renewals is causing more distress than the risk of higher insurance rates.
The reforms outlined in the Sustainable Insurance Strategy will bring insurers back to the market if correctly designed and implemented. And will better align California with how insurance is regulated across the United States.
Many consumers who are unable to access admitted market insurance coverage are being forced to parcel out insurance through the FAIR Plan, driving up costs, and reducing coverage. In turn harming local economies, and the ability to buy and sell real property. The insurance crisis has harmed the affordability of home ownership and has negatively impacted the financial livelihood of real estate agents, residential lenders, commercial lenders, developers and contractors.
Please enact all aspects of the Sustainable Insurance Strategy as quickly as possible.