California Insurance Commissioner Ricardo Lara published a bulletin announcing a moratorium on cancellations and non-renewals of residential property insurance policies that meet certain criteria following the Thompson fire in Northern California. 

California statutes provide that insurers cannot cancel or non-renew residential property policies within or next to a fire perimeter due solely to the fact that the property is located in an area where a wildfire occurred. The moratorium is in effect for one year after the declaration of a state of emergency.

This premium content is locked for FC&S Coverage Interpretation Subscribers

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis