Insurance
Jan. 7, 2020
Wildfire insurance problems are economic, not legal
Someone will have to pay for wildfire risks, whether it’s the individual policyholder, the insurance industry or the taxpayers; and it will most likely be some combination of all of them.
Andrew B. Downs
Shareholder
Bullivant Houser Bailey PC
Phone: 415-352-2700
Email: andy.downs@bullivant.com
It's become increasingly difficult in recent years for Californians to find property insurance. As wildfires ravage our state, insurers' appetite for risk has declined. While there have been regulatory responses, such as the Insurance Commissioner's recent issuance of a revised plan of operation for the California Fair Access to Insurance Requirements ("FAIR"), the residential fire insurer of last resort, none of these responses offers the long term stability both Cal...
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