𝐖𝐢𝐥𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐂𝐨𝐦𝐞 𝐁𝐚𝐜𝐤 𝐭𝐨 𝐂𝐚𝐥𝐢𝐟𝐨𝐫𝐧𝐢𝐚?

In the past few years, 7 crucial insurance carriers have either ceased property coverage in the State of California or severely reduced the coverages offered. On Friday, September 22, 2023, the California Insurance Commissioner announced key changes to the insurance industry in an effort to bring these carriers back. The question is, will it work? Rex Frazier, President of the Personal Insurance Federation of California (PIFC), discusses these proposed ideas in detail and outlines what the “catches” are. 𝑵𝒐 𝑺𝒉𝒂𝒎𝒊𝒏𝒈, 𝑵𝒐 𝑩𝒍𝒂𝒎𝒊𝒏𝒈 𝒂𝒏𝒅 𝑬𝒗𝒆𝒓𝒚 𝑳𝒊𝒕𝒕𝒍𝒆 𝑩𝒊𝒕 𝑯𝒆𝒍𝒑𝒔™ #Insurance #Wildfire #Flood #Homeowners #SocialJustice #Affordability #California #Sustainability #ClimateChange @PIFC @EnvironmentalSocialJustice