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.
Legislative Update: Transit Boards, High-Speed Rail, New Agencies streetsblog.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetsblog.org Daily Mail and Mail on Sunday newspapers.
Latest Western Climate Initiative auction sells out; still space for more climate ambition from cap and trade
Yosemite National Park
The latest California-Quebec auction was fully subscribed, based on results released today. This is the second quarter in a row where all allowances sold, which is good news for the state’s Greenhouse Gas Reduction Fund. There is still opportunity, however, for more ambition in the program moving forward.
Today’s results, by the numbers
All 54,773,607 current vintage allowances were offered for sale. This is the second consecutive auction where all current allowances sold. It should also be noted that there were just under 2 million more allowances offered in November compared to February, mainly due to the annual decline of the emissions cap.
State Auditor says California may not meet 2030 GHG reduction goal; says aspects of CARB efforts lacking greencarcongress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greencarcongress.com Daily Mail and Mail on Sunday newspapers.
Now that the deadline for submitting bills for the current California legislative session has passed, it’s possible to get somewhat of an idea what lawmakers are working on. The next couple of posts will take a quick look at some of the ones that stand out (and may be most likely to pass, in one form or another).
Note that it’s very early in the process, and these bills have not yet had any public hearings. They are very likely to be amended at least somewhat as people weigh in. If you have strong opinions about any of these issues, it’s worth sending comments to the authors, or commenting at the public hearings. Information about how to do so can be found at the Senate and Assembly websites.