Tue Sep 26, 2023 – 4:33 pm EDT
(LifeSiteNews) — California’s insurance regulator approved rate hikes on homeowners to cover the supposed increased risk of wildfires and other damage due to “climate change.”
California Insurance Commissioner Ricardo Lara “will write new rules to let insurers look to the future when setting their rates,” according to the Associated Press.
“We are at a major crossroads on insurance after multiple years of wildfires and storms intensified by the threat of climate change. I am taking immediate action to implement lasting changes that will make Californians safer through a stronger, sustainable insurance market,” Lara stated. “The current system is not working for all Californians, and we must change course. I will continue to partner with all those who want to work toward real solutions.”
Gov. Gavin Newsom said that “climate change is directly threatening our communities and livelihoods.”
The announcement followed a September 21 executive order by Newsom that Lara “take prompt regulatory action to strengthen and stabilize California’s marketplace for homeowners insurance and commercial property insurance, and to consider whether the recent sudden deterioration of the private insurance market presents facts that support emergency regulatory action.”
The state
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