State House and County Council Resolutions on LZ1 & LZ2 High Cost of Home Insurance

[Punatang]

While predomiately about California, this article does reference "other state regulators wrestling with their own insurance no-go areas." With parallels to our situation in Hawaii, it seemed germane enough to post here. Apologies if you disagree.  

It's another WSJ article preserved in archive.ph        https://archive.ph/cxCcB#selection-5097.99-5097.169

and a snip:







[*]
The Man at the Center of America’s Biggest Insurance Crisis
Ricardo Lara said climate change was a threat in California, then insurers fled the state

By 
Jean Eaglesham


Dec. 15, 2023 9:00 am ET

California Insurance Commissioner Ricardo Lara faces a make-or-break year as he races to woo back insurers. PHOTO: ASSOCIATED PRESS
When he campaigned to be California’s insurance commissioner, Ricardo Lara warned about the risk of climate change. Insurers agreed, so they tried to jack up rates and cut back on coverage.
When Lara blocked their rate increases, insurers, including 
Allstate ALL 0.47%increase; green up pointing triangle
, State Farm and Farmers Insurance, stopped or restricted new home-insurance business. That put Lara in the middle of the biggest insurance crisis in the country.