Arrr! In California, ye scallywags, all insurers must cover the stormy seas of high-risk lands, savvy?
2025-01-01
Arrr, me hearties! The Insurance Commissioner, Ricardo Lara, be proclaimin’ a new law! Insurers must reckon with them fiery lands, lest they walk the plank! They’ll sell policies to landlubbers in danger zones ‘n cover 85 percent o’ the booty. Aye, it be a first in California’s wild seas!
Ahoy, me hearties! Gather 'round fer a jolly tale o' the wild and fiery shores of California! The grand Insurance Commissioner, Ricardo Lara, has hoisted the sails on a new decree that be makin’ insurers provide coverage in them treacherous, flame-festered lands where yer risk o’ toastin’ yer tootsies be high!This be the first time in all the seven seas that such a mandate sails forth, lettin’ the insurers know they can’t be jumpin’ ship when the waves get rough. Nay, if they wish to ply their trade in the Golden State, they must be willin’ to offer their policies in them wildfire-prone regions, lest they be left marooned on the shores of bankruptcy!
The rule states that these scallywag insurers must cover at least 85 percent of their market share in these perilous waters! So, if ye be livin’ in a place where the fireflies be dancin’ a bit too close to yer thatched roof, worry not! The insurance buccaneers have to hoist their flags and offer ye their wares! Huzzah for fair winds and better coverage, me mateys! May ye keep yer ships afloat and yer homes unscathed by the fiery kraken!