California AB2724 updates insurance regulations to better support wildfire-prone communities.

California AB2724 mandates the Department of Insurance to annually review and update distressed areas, focusing on wildland-urban interface (WUI) zones. The review includes consulting with the Department of Forestry and Fire Protection and analyzing ZIP Codes with significant FAIR Plan insurance coverage. The department must also implement a public participation process and publish findings annually. Insurers failing to submit required reports face civil penalties, with higher penalties for willful noncompliance.

California AB2724 updates insurance regulations to better support wildfire-prone communities.

California AB2724 mandates the Department of Insurance to annually review and update distressed areas, focusing on wildland-urban interface (WUI) zones. The review includes consulting with the Department of Forestry and Fire Protection and analyzing ZIP Codes with significant FAIR Plan insurance coverage. The department must also implement a public participation process and publish findings annually. Insurers failing to submit required reports face civil penalties, with higher penalties for willful noncompliance.