California Imposes 1-Year Insurance Cancellation Freeze In Areas Ravaged By Wildfires

Los Angeles and surrounding wildfire-hit regions are shielded by a new one-year moratorium on insurance non-renewals, according to California’s insurance commissioner, Ricardo Lara, who announced the year-long freeze on Jan. 9.“I am using my moratorium powers to prevent insurance companies from canceling or non-renewing policies in wildfire-impacted areas, so people don’t face the added stress of finding new insurance during this horrific event,” Lara said in a statement.The one-year moratorium on policy non-renewals and cancellations protects residents in and near the ZIP codes affected by the Palisades and Eaton fires in Los Angeles County, regardless of whether the properties sustained...