As Fires Rage, El Dorado Residents Find It Harder to Secure Insurance

Amid raging wildfires, a growing number of California residents are facing a new threat: lack of fire insurance.

The phenomenon is hitting rural parts of the state such as El Dorado County, as the Tahoe Daily Tribune reports. During a meeting there last week, State Insurance Commissioner Ricardo Lara said the county has seen a 12% increase in non-renewals of fire insurance policies. And he expects to see that number grow.

Lara told attendees that insurance companies are increasingly relying on satellite data to determine whether they will issue a policy or not. Lara also spoke about recently passed bills that could help residents whose renewals are denied.

At the meeting, county officials also discussed their own fire prevention efforts.

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Monday, July 27, 2020 - 15:51

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