With rapidly advancing climate change, every year California faces increasingly devastating wildfires. But the insurance industry is only making this crisis worse. They are writing off entire regions of the state, refusing to sell homeowner insurance in areas threatened by wildfires or raising rates to the point where nobody can afford them. We need an Insurance Commissioner who refuses to accept the status quo and who will stand up to the insurance industry and utility companies to protect our communities. That’s Marc Levine.
- Marc has authored and introduced the California Catastrophic Wildfire Insurance Act, a groundbreaking piece of legislation which will make homeowners’, commercial, and all property insurance available in California more accessible and affordable. The legislation both increases investment in ongoing wildfire management and mitigation measures across the state and creates a new wildfire insurance market, safety net, and regulatory structure, in order to bring stability and predictability to the California property insurance market and protect those most vulnerable to wildfires.
- Work to guarantee the right of insurance to all California homeowners. Insurance companies should not be able to deny coverage or raise rates so high that coverage is out of reach for homeowners, effectively redlining whole regions of California.
- Establish a new California Wildfire Insurance Authority, similar to the state’s Earthquake Authority, to reduce risk, decrease costs, ensure accountability of the industry, and protect consumers.
- End the insurance industry’s ban on customers increasing coverage during or immediately after an event such as a natural disaster.