![]() ![]() ![]() Under the new rules, insurance companies will have 180 days to submit rate filings that incorporate the wildfire safety standards and establish a process for releasing wildfire risk determinations to residents and businesses, Lara said. One El Dorado County resident, Chris Swarbrick, said that his premiums had increased by 430% in two years, and that many residents in his community had been unable to get insurers to visit their properties to assess their hardening efforts. In a 2020 hearing on the matter, dozens of people told the Department of Insurance that their rates had become untenable, with some seeing quotes of as much as $20,000 a year. Yet, ratepayers in recent years have complained that companies have been unwilling to credit them for steps taken to lower the risk of loss and damage, such as clearing combustible vegetation from properties or installing fire-resistant roofs. ![]()
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