California SB365 mandates reporting on the impact of wildfire-related cancellations and nonrenewals of residential property insurance policies.

California SB365 requires the Department of Insurance to report annually on the number of residential property insurance policies cancelled or not renewed in areas affected by wildfires. The report includes data on cancellations in ZIP codes within or adjacent to the fire perimeter, as well as in ZIP codes outside the perimeter. It also assesses the impact of a one-year prohibition on cancellations and nonrenewals in these areas. The bill aims to provide insights into the effects of wildfire-related insurance disruptions.

California SB365 mandates reporting on the impact of wildfire-related cancellations and nonrenewals of residential property insurance policies.

California SB365 requires the Department of Insurance to report annually on the number of residential property insurance policies cancelled or not renewed in areas affected by wildfires. The report includes data on cancellations in ZIP codes within or adjacent to the fire perimeter, as well as in ZIP codes outside the perimeter. It also assesses the impact of a one-year prohibition on cancellations and nonrenewals in these areas. The bill aims to provide insights into the effects of wildfire-related insurance disruptions.