With more California homeowners just discovering their insurance policies are getting canceled — and hundreds of thousands of others stuck with a pricey option of last resort — state Insurance Commissioner Ricardo Lara’s efforts to fix the home insurance market can’t come quickly enough.

Lara has introduced two main rules, with more to come. The first regulation, unveiled last month, aims to streamline rate reviews.

Read More: https://smdp.com/2024/03/26/california-insurance-market-in-chaos-says-former-insurance-chief-can-the-new-chief-fix-it/