X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
To develop a parametric insurance solution — one innovative way to address wildfire risk — a policy is structured with certain events plainly stated in order for coverage to be automatically triggered. (Photo: Phil Pacheco/Bloomberg) The announcement Monday aligned with Lara’s campaign to push insurance companies to resume selling policies and coverages to homeowners in fire-prone communities.  (Photo: Phil Pacheco/Bloomberg)

As wildfire seasons only continue to worsen in recent years, California state regulators announced new rules on home ‘hardening,’ creating incentives for retrofitting older homes to make them more resilient to fires.

This initiative is a joint effort by California’s Department of Insurance, Cal Fire, the Governor’s Office of Emergency Services, the Public Utilities Commission and the Governor’s Office of Planning and Research.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

More from this author

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.