Home Insurance Experts Say Changes Coming for California

California’s homeowners insurance crisis took front stage at last week’s Center for California Real Estate (CCRE) panel discussion. CCRE, an institute of C.A.R., featured Insurance Commissioner Ricardo Lara and experts from United Policyholders, the Personal Insurance Federation of California, and UC Berkeley.

Key takeaways from the CCRE event: The state’s largest insurance regulatory reform in 30 years is set to go into effect by the end of this year. There reforms aim to stabilize the market by allowing modern risk-modeling systems and requiring insurers to cover more homes in wildfire-prone areas. Panelists emphasized the importance of community-wide wildfire mitigation efforts and highlighted resources for homeowners to better protect their properties and maintain insurance coverage.

To watch the recording of the event, visit the CCRE website.