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LAWMAKERS ARE REACTING TO THE CHANGES. STATE LAWMAKERS OVERALL ENCOURAGED BY THE NEW ACTION. CALIFORNIAS INSURANCE COMMISSIONER ANNOUNCED THIS WEEK TO AVOID AN INSURANCE EXODUS IN CALIFORNIA. WE DO NOT HAVE A HEALTHY, BALANCED INSURANCE MARKET AND I THINK THIS IS A GREAT FIRST STEP. DEMOCRATIC STATE SENATOR BILL DODD REPRESENTS WILDFIRE PRONE WINE COUNTRY. HES GLAD NEW RULES WILL REQUIRE INSURERS TO GET BACK INTO HIGH WILDFIRE ZONES IN EXCHANGE, THOUGH, THE STATES INSURANCE COMMISSIONER WILL ALLOW COMPANIES TO USE CATASTROPHE MODELING TO FACTOR IN CURRENT OR FUTURE RISKS WHEN SETTING POLICY PRICES, WHICH THEY HAVE NOT BEEN ALLOWED TO DO IN CALIFORNIA. THE NEW RULES ARE EXPECTED TO GO INTO EFFECT BY DECEMBER OF 2024. THIS COULD MEAN AN INCREASE IN INSURANCE RATES FOR EVERYONE. EDIE. BUT LET ME TELL YOU, THE WAY ITS GOING AND I HAVE IT IN MY DISTRICT, PEOPLE THAT ARE NOWHERE NEAR WILDFIRE AREAS ARE GETTING NOT RENEWED. THIS IS IMPORTANT FOR EVERYBODY IN THE STATE OF CALIFORNIA. I STI
