Harvey Rosenfield, author of Proposition 103, says end-of-session industry ploy undermines landmark initiative.
Insurance lobbyists are scheming with Sacramento officials to neuter the consumer protections of insurance reform Proposition 103 as part of a last-minute industry bailout that will cost California homeowners, renters and condo owners potentially thousands of dollars every year.
The companies’ escalating refusals to sell or renew coverage — allegedly because of the risk of wildfire — have driven many Californians into the FAIR Plan. The proposal would require all homeowners in the state to pay a surcharge to cover any unexpected FAIR Plan losses. In other words, California consumers would end up insuring insurance companies against wildfire losses.
The insurance industry has taken the state hostage; our representatives should not make Californians pay the ransom. An end-of-session legislative coup that deprives the public of the opportunity to carefully vet a self-serving proposal of this magnitude profoundly disrespects the voters, especially because our Constitution gives voters the last word in setting insurance policy.
Priority one: Speed up funding for proven programs that will enable all homeowners, businesses and communities in California to prevent or limit damage from wildfires. A community in Florida that was built from the ground up using the latest loss-prevention techniques emerged virtually unscathed from last year’s Hurricane Ian.
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