1 Day
Source:
New York Post
California insurance crisis and candidate plans
California's ongoing insurance crisis, driven by major companies retreating from the market due to wildfire-related challenges, has led residents to rely on the state's insurer of last resort. The upcoming election for California Insurance Commissioner is highly consequential, with Democratic candidates Ben Allen and Jane Kim advancing to the runoff, while Republican Stacy Korsgaden failed to qualify. Allen emphasizes wildfire resilience measures and his legislative record, including a $10 billion bond initiative, while Kim proposes a state-run disaster insurance system; Korsgaden highlighted her industry experience.
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