State officials trying to figure out how to stem the exodus of property insurers from wildfire-prone areas are looking with trepidation at hurricane-ravaged Florida.
California Gov. Gavin Newsom speaks about wildfire preparation during a news conference at CalFire's Grass Valley Air Attack Base on June 29, 2023. | Adam Beam/AP PhotoSACRAMENTO, Calif. — Floridians are furious at their elected officials for allowing sky-high insurance premiums driven by catastrophic storms. California’s leaders are eager to avoid that same fate, but they may have no choice.
“We are not going to wait to take action,” Insurance Commissioner Ricardo Lara said in a recent statement. “We will not wait for what is happening in Florida to happen in California.”Others are watching to see what California does as climate change fueled disasters start hitting pocketbooks nationwide: Colorado politicians are currently putting together a last-resort insurance plan as property owners struggle to find affordable insurance.
But the risk of turning out like Florida may be scaring California politicians away from a deal. Potential market reforms under discussion would allow insurers to raise rates in exchange for agreeing to stay in risky areas — a move that Florida has already tried and that has proven politically unpopular.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Brad Pitt’s manager latest to flee California for FloridaCynthia Pett-Dante has joined the ranks of Californians heading to Florida, having bought a $5.1 million home on Hibiscus Island.
Lire la suite »
Florida State vs. Southern Miss prediction: College football picksOur pick as the Seminoles host the Golden Eagles.
Lire la suite »
Florida abortion rights at stake as state Supreme Court takes up challenge to GOP-led restrictionsThe Florida Supreme Court must decide whether to overrule broad abortion rights protections provided for decades under the state constitution and instead uphold a law signed by Republican Gov. Ron DeSantis that bans the procedure in most cases after 15 weeks of pregnancy
Lire la suite »
Florida abortion rights at stake as state Supreme Court takes up challenge to GOP-led restrictionsThe Florida Supreme Court was confronted Friday with whether to overrule broad abortion rights protections provided for decades under the state constitution.
Lire la suite »
Florida abortion rights at stake as state Supreme Court takes up challenge to GOP-led restrictionsIf the 15-week ban remains on the books, an even stricter six-week ban signed by Gov. Ron DeSantis would automatically take effect about a month after the court rules.
Lire la suite »
Florida State University system becomes the first to allow use of Classic Learning Test on admissionThe Florida State University system voted Friday to allow the use of the Classic Learning Test for admission, becoming the first state system in the nation to do so.
Lire la suite »