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Thursday, November 12, 2020

Insurers banned by California from dropping coverage for 2.1M homes in fire-stricken areas

With parts of California still smoldering, the state Department of Insurance has issued a one-year moratorium prohibiting insurers from canceling or not renewing about 2.1 million homeowners’ policies, the second consecutive year policyholders in or near fire-stricken areas have gotten a temporary measure of relief. 

The move will temporarily protect homeowner policies in select ZIP Codes from Siskiyou to San Diego counties.