California Unable to Get Fire Insurance for Its Own Firehouses

“We can’t get fire insurance at a fire station that’s going to be manned by firefighters,” one state lawmaker said in incredulity.SACRAMENTO, California — How bad is California ’s wildfire insurance crisis? So bad that the state can’t get coverage for its own firehouses.

“The insurance industry, they weren’t interested in selling insurance policies in the region due to the perceived fire risk in the area,” Lopez said. And the insurer of last resort, FAIR Plan, doesn’t meet the bond underwriters’ requirements, either, he added.“We can’t get fire insurance at a fire station that’s going to be manned by firefighters,” said state Sen. Brian Dahle, a Republican from Lassen County, in the northeast corner of the state. “That’s where we are in California.

California Insurance Commissioner Ricardo Lara agreed last year to let insurers raise rates and base them on future projections of fire damages, after lawmakersto his office. Lara has been duly handing out rate increases, but insurers are still leaving: In the past two months alone, American National announced it wouldState Sen.

“Typically, this hasn’t been an issue and so we have waited until closer to the point of selling the bonds,” he said. “But given recent trends in the insurance industry, it’s been important to start looking.”, even in a down budget year, as Newsom adds firefighters to cut back flammable vegetation and protect communities from increasingly intense wildfires.

California Wildfire Insurance Crisis Firehouses Coverage High-Risk Areas

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