United States insurance commissioner-elect Jane Kim proposed a state-run wildfire insurance program, capturing 54% of the vote. The plan shifts wildfire coverage out of standard homeowner policies to address rising premiums. California voters face soaring insurance costs and coverage cancellations following recent wildfire disasters.
Jane Kim Proposes California Wildfire Insurance Overhaul
California insurance commissioner elect Jane Kim has unveiled a proposal to overhaul wildfire coverage and penalize delayed claims. Her plan introduces a publicly run program to manage wildfire risks and mandates interest payments from insurers for late payouts.
