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."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
