The California Association of Realtors (C.A.R.) issued a statement last week regarding recent actions taken to address the state’s ongoing insurance crisis, particularly in light of the Southern California wildfires.
C.A.R. president Heather Ozur expressed support for the measures introduced by policymakers in response to the crisis.
“As Los Angeles reels from the devastating fires that have resulted in the loss of homes, businesses, schools, and neighborhoods, we are encouraged by the proactive measures taken by policymakers to tackle the homeowners' insurance crisis,” she said.
Ozur said the association has worked alongside state leaders to address the growing insurance concerns and is backing Assembly Bill 226, authored by assembly insurance committee chair Lisa Calderon and assemblymember David Alvarez.
The bill, unveiled by Speaker Robert Rivas, aims to provide clarity for policyholders under the FAIR Plan, a state-backed insurance provider.
Ozur also expressed C.A.R.'s support for Insurance Commissioner Ricardo Lara's moratorium on homeowner insurance policy cancellations.
In addition to these efforts, C.A.R. continues to endorse the California Department of Insurance’s "Sustainable Insurance Strategy." This initiative aims to improve access to insurance for residents in high-risk areas.
"As we now confront the significant aftermath of these fires, we will continue to work with government leaders on solutions to ensure that all homeowners have access to the homeowners insurance they need," Ozur added.
C.A.R., which has been a leader in California real estate for nearly 120 years, represents over 200,000 members across the state. The association is headquartered in Sacramento.
Meanwhile, victims of the Los Angeles wildfires raised numerous legal concerns during a town hall meeting organized by the Nachawati Law Group.
Majed Nachawati, founder of the Nachawati Law Group, noted the urgent need for legal support, with many victims facing critical questions about rebuilding efforts.
Elsewhere in the state, Farmers Insurance also opened four temporary relief sites to provide frontline assistance to customers affected by the wildfires.
Over 12,000 homes and businesses were destroyed in the fires, with damages estimated to exceed $50 billion.