If approved, insurance companies will need to submit new rates that take into account safety measures including upgraded roofs and windows, and creating defensible space, or a buffer zone between a building and grass, trees, shrubs and other wildland areas. (Credit: David Paul Morris) If approved, insurance companies will need to submit new rates that take into account safety measures including upgraded roofs and windows, and creating defensible space, or a buffer zone between a building and grass, trees, shrubs and other wildland areas. (Credit: David Paul Morris)

California Insurance Commissioner Ricardo Lara is proposing pricing regulations that would require insurance companies to provide discounts to policyholders that take steps to mitigate their wildfire risks, according to the state’s insurance department. The updated regulations would also require insurance companies provide consumers with property risk scores and creates a right to appeal that score.

The regulation would be the first in the nation that mandate discounts for policyholders that take wildfire mitigation steps that are in line with the Safer from Wildfires framework, according to the commissioner’s office. The framework was developed by the California Department of Insurance and state emergency preparedness agencies.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at s[email protected].  

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