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... [1]
Little Hoover Commission: https://lhc.ca.gov/events/hearing-on-homeowners-insurance/?section=events [2]
Little Hoover Commission (Hearing 2): https://lhc.ca.gov/events/hearing-on-californias-homeowners-insurance-ma... [3]
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... [4]

Members of the Assembly Insurance Committee - https://ains.assembly.ca.gov/members [5]
Members of the Senate Insurance Committee - https://ains.assembly.ca.gov/members [5]

Information on Surplus Lines - https://content.naic.org/insurance-topics/surplus-lines [6]
Admitted vs Non-Admitted Insurance Markets - https://www.insurancejournal.com/magazines/mag-features/2021/07/19/62303... [7]
What is insurance underwriting? - https://www.ramseysolutions.com/insurance/insurance-underwriting [8]
Understanding Reinsurance - https://content.naic.org/insurance-topics/reinsurance [9]