KPIX KPIX 5 News At 600PM July 14, 2024
In insurance nonrenewal. Reporter from 2015 to 2018 670,000 homeowner policies were not renewed in california. In the bay area that number was nearly 95,000. Property that cannot be insured is less valuable. That means less property tax. Local governments will be unable to afford the services. Insurance commissioner willie described this as the fear of community unraveling. I think that is what we are trying to head off. Reporter one option the insurance commissioner is considering is creating a Home Fire Safety standard. That any home that meets the standard would have to be issued an insuran...