California Insurance Commissioner Ricardo Lara published a bulletin declaring a moratorium on cancellations and nonrenewals of eligible residential property insurance policies following the Mountain Fire in Southern California.
On November 7, 2024, California Governor Gavin Newson declared a state of emergency for Ventura County due to the fire. This gave the Insurance Commissioner the power to declare a moratorium on cancellations and nonrenewals of residential property insurance policies, per California statutes.
As a result, insurers cannot cancel or nonrenew a residential property insurance policy for a property located within an affected ZIP code or adjacent to the fire perimeter. Residential property insurance policies include homeowners, condo unit owners, mobile homeowners, and residential renters policies.