COMMISSIONER LARA ISSUES STATEMENT ON SB 492: 'WE ARE NO LONGER SIMPLY REACTING TO CRISES'

SACRAMENTO, Calif., Aug. 31 -- The California Department of Insurance issued the following press release:

SACRAMENTO, Calif. - Insurance Commissioner Ricardo Lara issued the following statement after the Governor and legislative leaders announced compromise wildfire legislation. The SB 492 agreement supports the momentum of the Sustainable Insurance Strategy, Commissioner Lara's comprehensive reform intended to increase insurance options for consumers:

"California continues to face the difficult challenge of protecting wildfire survivors, reducing wildfire risk, maintaining affordable utility service, and ensuring families can obtain the insurance coverage they need. Those goals are interconnected, and lasting solutions require thoughtful...