What's California doing to address the insurance crisis? The possible solutions and changes needed

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Californians are finding it hard to keep their homes insured amid skyrocketing rates and canceled policies. So what are some possible solutions?

By ABC7's Carlos Granda takes a closer look at what's being done so far.For many people, it's a frightening moment when they get their yearly insurance documents."Oh it's definitely a crisis, said Susan Bookheimer, who owns a home in Calabasas. "Every passing year, it's going to get worse, because people are having their insurance changed. You have a one-year policy ... when that one year comes up, everybody is now getting these terrible bills.

"One thing we know for sure is that better managing of our forests, using thinning and prescribed fires, significantly reduces the risk of severe wildfires," said Jones."They don't account for the forest treatment, so we're spending billions of dollars of taxpayer money treating the forests, but those homes and condominiums and businesses that are proximate to that forest treatment are seeing no insurance benefit, and that needs to change," said Jones.

Jill Epstein, CEO of the Independent Insurance Agents and Brokers of California, said insurance companies are "very sophisticated" and say they can assess the risk. Los Angeles County Supervisor Kathryn Barger introduced a motion urging California Insurance Commissioner Ricardo Lara to investigate the compliance measures that insurance companies require from homeowners to keep their coverage.

 

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