SACRAMENTO, California — California lawmakers are taking another run at fixing the state’s crumbling wildfire insurance market.
The Senate is forming a wildfire insurance working group as insurers continue to flee the state, state Sen. Bill Dodd, a Democrat from fire-scarred Napa County, said last week. State Senate President Pro Tem Mike McGuire said in a statement he “will have more to announce on our upcoming strategy to help tackle this growing crisis very soon.”
The move comes six months after last year’s end-of-session push for wildfire insurance legislation stalled amid concerns about consumer costs.
It also comes as Gov. Gavin Newsom announced plans last week to speed companies’ rate requests through review by the Insurance Department. His Finance Department is expected to release more details Tuesday in a budget trailer bill.
