California Implements One-Year Ban on Insurance Cancellations in Wildfire Zones

The moratorium protects homeowners in Los Angeles and Ventura counties after devastating wildfires destroy thousands of properties.

California Insurance Commissioner Ricardo Lara announced a one-year moratorium on insurance cancellations and non-renewals for properties in areas affected by the Palisades and Eaton wildfires.
The wildfires have destroyed over 10,000 homes and structures, burned more than 27,000 acres, and caused at least 10 fatalities since they began earlier this week.
The moratorium applies to specific ZIP codes within or adjacent to the fire perimeters and ensures coverage for homeowners, renters, and condo unit owners during the rebuilding process.
Insurance companies are required to halt cancellations issued up to 90 days prior to the fires if they were set to take effect after the wildfires began.
Experts warn that while the moratorium provides temporary relief, California faces long-term challenges in addressing its insurance market crisis and rising wildfire risks.