Newsom, Legislature must not rush through huge changes to property insurance

their concerns and says industry profits remain substantial. But it’s hard to buy that the spring decisions of State Farm, Allstate and Farmers to pull back from the nation’s largest insurance market were a ploy.

The San Francisco Chronicle’sObviously, it’s crucial that California have a healthy property insurance market, especially as the state becomes hotter and drier. But given that lawmakers haven’t taken some obvious steps to reduce fire risks — starting with a far more aggressive push to make parcel owners protect their land — any bold moves are premature. Given the secrecy over what’s being considered, that’s especially the case here.

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