Three Dozen California Bills Focus on Wildfire, Others Are Concerning for Insurance Industry
Roughly three dozen pieces of California legislation are directly related to wildfire, and while those bills should hold much interest for the insurance community, there are other bills making their rounds that should draw a great deal of concern.
So far 2,369 bills have been introduced in state Legislature this year, according to John Norwood of Norwood Associates, an industry lobbyist who also represents the California Insurance Wholesalers Association.
Norwood said he’s by encouraged by all the attention California’s wildfires are getting.
“Rates and availability are not going to change until the reinsurance market thinks California has reduced the risk of wildfire,” Norwood said.
How the pandemic, civil unrest and wildfires led to new California laws in 2021
On January 1, 2021 several new laws went into effect. Many were the product of 2020s vast amount of conflicts, ranging from the pandemic, civil unrest and raging wildfires.
In accordance with a state law that took effect on January 1, 2017 minimum wage will continuously rise at least until 2023 in an effort for minimum wage to reach $15/hour.
On January 1, 2021 businesses with 26 employees or more were required to pay an extra dollar, amounting to $14/hour. Businesses with 25 employees or less also were required to pay an extra dollar, amounting to $13/hour.
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