PLACER COUNTY, Calif. — Placer County supervisors are calling on Governor Gavin Newsom to declare a state of emergency for homeowners and commercial property insurance.
“It’s truly a crisis. Placer County, we believe, is the top county in the state for non-renewals. I know that our county and our residents are doing everything they can and they want to do more. But they need to have that recognized. If they’re going to harden their homes and do their defensible space, they need insurance breaks,” said District 5 Supervisor Cindy Gustafson.
The board sent a letter to the governor and Insurance Commissioner Ricardo Lara, calling for immediate emergency regulatory and legislative action from the state to stabilize the insurance marketplace.
A July survey showed more than half of respondents didn’t have their insurance policies renewed or were facing much higher premiums. Officials also raised concerns about the future solvency of the California FAIR plan, the “insurer or last resort.”
Placer County officials hope the emergency regulations can help expand coverage options and improve the Department of Insurance’s rate approval process.
Supervisors in Shasta and San Bernardino counties also passed similar resolutions calling for more state help with the insurance crisis, according to a Placer County news release.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.