California’s home insurance market is a mess. Across the state, major insurers are canceling policies or leaving the market altogether – citing disaster risks that outpace their ability to set rates and cover potential losses. Meanwhile, the state’s FAIR plan, conceived as a temporary policy of last resort for homeowners, has seen an enrollment spike. State regulators are now attempting to bring insurers back to disaster-prone areas – in exchange for fast tracking rate adjustments and expanding the risk-assessment models that insurers can use. We’ll learn more and hear from you: Have you lost your homeowners insurance? How have you coped?
California Regulators Roll Out Plan to Stabilize Home Insurance Market
State regulators are now attempting to bring insurers back to disaster-prone areas – in exchange for fast tracking rate adjustments and expanding the risk-assessment models that insurers can use. We’ll learn more and hear from you. (Peter Dazeley via Getty Images)
Guests:
Daniellle Vanton, science reporter, KQED News
Michael Wara, policy director for the Sustainability Accelerator at the Doerr School of Sustainability; director of the Climate and Energy Policy Program; senior research scholar at the Woods Institute for the Environment, Stanford University
Michael Soller, deputy insurance commissioner for Communications & Press Relations, State of California
Megan Fan Munce, reporter covering California’s home insurance crisis, The San Francisco Chronicle
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