A California bill could lead to lower home insurance costs. Here’s why companies hate it

(The Sacramento Bee) - A California lawmaker wants insurance companies in the state to change how they come up with prices for home coverage.

Insurance trade groups aren’t happy.

Senate Bill 1060 would require insurers to take vegetation management, home protection, and other work meant to reduce wildfires into account when determining the risk of covering a property. Its author, Sen. Josh Becker, said the state is spending billions of dollars to prevent and lessen the effect of fires.

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