@cbsnews: California Insurance Commissioner Ricardo Lara has issued a one-year moratorium on insurance non-renewals and cancellations for those impacted by the Palisades and Eaton Fires in Los Angeles, regardless of whether they suffered a loss. The moratorium comes after CBS News learned that about 1,600 policies in Pacific Palisades were dropped by State Farm in July. An analysis of insurance data by CBS San Francisco last year found that State Farm also dropped more than 2,000 policies in two other Los Angeles ZIP codes, which include the Brentwood, Calabasas, Hidden Hills and Monte Nido neighborhoods. #losangeles #la #wildfires #insurance #homeinsurance #california
So you CAN exercise some regulation in the insurance industry to help consumers 🤔
2025-01-10 17:58:53
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Brandon Shelton :
When did Oscar De La Hoya get elected in LA?
2025-01-12 00:55:55
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brad plauche :
insurance companies should not be for profit, it's a conflict of interest
2025-01-10 17:29:22
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FourthWing1 :
I think the insurance companies should pay back all premiums ever paid if they feel they can no longer cover you.
2025-01-10 18:48:46
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Mo Bamba :
So the government has the power to lower insurance cost + enforce them to pay 🤔🤔🤔🤔
2025-01-10 17:28:22
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TheOnlyTyler :
Wait. Wait. Wait. So they could have govern insurance companies to force them to pay out this entire time ?
2025-01-10 18:55:12
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Otter Daddy :
Wait a minute. There’s an insurance commissioner!!!???
2025-01-10 18:54:31
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trueguru :
great there goes our insurance prices
2025-01-10 21:57:12
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wudyew :
Can someone explain what a moratorium is? I went to school in America.
2025-01-10 17:20:36
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Mads :
They SHOULD have done this for North Carolina. Disgusted.
2025-01-10 19:52:08
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abe.cas :
When rich people lose their house it's when it becomes important? 🤔
2025-01-11 21:14:08
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Listen_Only :
We didn't get this treatment in Hawaii...
2025-01-10 17:23:15
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valentine5110 :
My question is, why aren’t they doing this in Tennessee, North Carolina, Georgia, Florida?!?!?!😳
2025-01-10 22:27:37
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PizzaAndMilk :
Should be retroactive for one year
2025-01-10 17:23:56
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Jason8chel :
this guarantees when the moratorium is over all insurance policies will be leaving.
2025-01-10 18:54:18
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Kat C :
How about Maui and North Carolina?
2025-01-11 03:24:01
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12044 :
This should be the beginning of insurance companies being regulated, both health & property insurance. Clearly they can so we shouldn’t let politicians get away with saying there’s nothing they can do
2025-01-10 20:31:52
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AjayRochester :
Luigi watching these insurance ceos like 👀
2025-01-11 06:42:52
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Corrine Sloss599 :
it take 3 years to get permits to even clean and rebuild..a year moratorium means nothing
2025-01-10 17:28:42
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RatApocalypse :
This is leadership
2025-01-10 17:21:18
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Kela427 :
He said within the 90 days. Most cancellations happened 4 to 6 months ago. If I know that, here n NYC, he knows that.
2025-01-10 17:27:40
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JakeMusumeci :
WHAT IS THE POINT OF INSURANCE
2025-01-10 17:27:50
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LGSalsero :
So NOW that celebrities and other rich people with multiple properties have lost their investments in LA this becomes an important topic to fix?
2025-01-10 20:42:34
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