Ex-SF Supervisor Jane Kim Pledges California Wildfire Insurance Fund
The plan would expand state coverage beyond the California FAIR Plan and use premiums to pay wildfire claims and safety upgrades, Kim said.
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With California’s insurance crisis at an impasse, it might be time for a different approach
California’s ongoing insurance crisis has left homeowners, insurers and utilities at odds over who should bear the costs of catastrophic wildfires. Dan Walters examines a proposed state-run insurance model and whether it could offer an alternative to the current impasse. Source
Insurance commissioner-elect pushes plan for homeowners
(The Center Square) – A single-payer, homeowners insurance program proposed by California’s newly elected insurance commissioner, Jane Kim, could mean a significant cost for taxpayers, but no figures have been mentioned.
The Press Democrat
The Mercury newsCould California take over wildfire insurance? Jane Kim wants to try as new insurance commissioner
Her proposed public insurance program would shift wildfire risk to the state, while insurers urge her to preserve reforms already underway.
Ex-SF Supervisor Jane Kim Pledges California Wildfire Insurance Fund
Internewscast Internewscast California’s incoming insurance commissioner is vowing to transform the state’s troubled insurance… This Post: Ex-SF Supervisor Jane Kim Pledges California Wildfire Insurance Fund first appeared on Internewscast
California's insurance market is facing a possible break. Newly elected insurance supervisor Jane Kim, a political daughter of US Senator Bernie Sanders, is planning far-reaching reforms for the $three trillion housing and car insurance market. In the face of devastating forest fires and the withdrawal of private insurers, she wants to introduce a non-profit, state-owned basic insurance policy. The article Prevention instead of Super Bowl advert…
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