California homeowners and lawmakers are spending billions of dollars on projects that are designed to protect people and property from climate-juiced wildfires.
But property insurance companies aren’t accounting for those investments when deciding whether to provide coverage in communities across the state.
That soon could change under a bill moving through the California Legislature.
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The measure would force property insurers to consider wildfire mitigation efforts in their underwriting models, which help determine where the companies are willing to write coverage.
