Episode Summary
On July 31, 2023, California Insurance Commissioner Ricardo Lara held a briefing on how the new Safer From Wildfires regulation can help homeowners and businesses qualify for insurance discounts. I was invited to the webinar. At the time of this broadcast, insurance companies were pausing coverage, canceling policies, and some companies left the State altogether. As a homeowner, property manager, and real estate broker, I have first-hand knowledge of this. Here is my live reaction to it all. SECTIONS 0:00 Brief History of California Wildfires & Safer From Wildfires Regulation 4:00 Webinar Start & Introductions 13:18 Briefing by Insurance Commissioner Ricardo Lara 29:29 Q&A Section 51:35 My Closing Thoughts