Home Insurance Info for AV RPAC Members

Good afternoon Antelope Valley RPAC Members,

At the request of members of the group, we have compiled some helpful documents and links regarding the current state of California’s home insurance market.  Since this is a state issue, Mono County Community Development has reached out to the California Department of Insurance (CDI) in the hopes of hosting them at an RPAC in the near future to discuss community concerns related to rising insurance costs and dwindling availability.  In the meantime, relevant information is provided for your review in the attached PDFs and links below:

Articles and Information

CDI Sustainable Insurance Strategy: https://www.insurance.ca.gov/01-consumers/180-climate-change/upload/Sust...
Little Hoover Commission: https://lhc.ca.gov/events/hearing-on-homeowners-insurance/?section=events
Little Hoover Commission (Hearing 2): https://lhc.ca.gov/events/hearing-on-californias-homeowners-insurance-ma...
Senate Bill 1060 (Becker) – Would require insurance risk models to account for wildfire risk reduction work (such as defensible space and home hardening) – https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202...

Members of the Assembly Insurance Committee - https://ains.assembly.ca.gov/members
Members of the Senate Insurance Committee - https://ains.assembly.ca.gov/members

Information on Surplus Lines - https://content.naic.org/insurance-topics/surplus-lines
Admitted vs Non-Admitted Insurance Markets - https://www.insurancejournal.com/magazines/mag-features/2021/07/19/62303...
What is insurance underwriting? - https://www.ramseysolutions.com/insurance/insurance-underwriting
Understanding Reinsurance - https://content.naic.org/insurance-topics/reinsurance