A residence burns as the Carr Fire tears through Shasta, Calif., on Thursday, July 26, 2018. (AP Photo/Noah Berger) A residence burns as the Carr Fire tears through Shasta, Calif., on Thursday, July 26, 2018. (AP Photo/Noah Berger)

In response to skyrocketing condo-insurance premiums in California, several state legislators recently penned a letter encouraging Insurance Commissioner Ricardo Lara to take action in support of residents struggling to find affordable insurance.

“As you know all too well, the homeowners’ insurance market in California is experiencing severe disruption due to increased climate-related risks, particularly wildfires,” reads the letter dated Feb. 6, 2023, and signed by 18 state senators. “Homeowners association (HOA) communities and residents of condominium developments in wildland-urban interface (WUI) areas of the state are facing particular difficulty accessing coverage because of the high concentration of risk.”

 

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