LA Times Today: Insurance commissioner issues moratorium on …

1 day ago · People who live or lived in the fire areas will not have their home insurance cancelled for at least a year. The state insurance commissioner has issued a one year ban on cancellations and non ...

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California Issues 1-year Moratorium On Insurance Cancellations In …

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These are the numbers for insurance policy cancellations: - In Pacific Palisades, about 10.03% of homeowners and fire policies were not renewed from 2020-2022. - In Altadena, 8.15% of …

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Does California have a wildfire insurance moratorium?

California’s insurance commissioner issued a one-year moratorium on policy nonrenewals and cancellations in areas affected by devastating wildfires in and around Los Angeles. ...

Will California's mandatory one-year moratorium stop homeowners from renewing insurance?

The California Department of Insurance (CDI) announced that the mandatory one-year moratorium will prevent insurers from canceling or not renewing homeowners' policies in specific areas affected by the Palisades and Eaton wildfires in the Los Angeles area. ...

How many people are covered by the California fire moratorium?

The order protects more than 185,000 policyholders for one year for the fires. Consumers can go to the California Department of Insurance website to see if their ZIP Code is included in the moratorium. The Park Fire is now the state’s fourth largest on record. ...

What is a home insurance moratorium?

The moratorium applies to all homeowners, condo unit owners, mobile home homeowners or residential renters insurance policies in specified zip codes. It covers cancellations and non-renewal due to wildfire risk. As of Friday, the fires have destroyed over 10,000 homes, buildings and other structures, according to local officials. ...

What is a one-year fire moratorium?

The one-year moratorium shields people who live "within the perimeters or adjoining ZIP Codes" of where the three fires burned from insurance non-renewal or cancellation for one year from the date of the governor's emergency declarations — regardless of whether they sustained a loss. ...

How long does a fire insurance moratorium last?

The moratorium shields those living within the perimeters or adjoining ZIP Codes of these fires from insurance non-renewal or cancellation for one year from the date of the Gov. Gavin Newsom’s emergency declarations regardless of whether they suffered a loss. The order protects more than 185,000 policyholders for one year for the fires. ...