PLACERVILLE - The Senate Committee on Insurance passed a bill Wednesday that lawmakers said will address the cost and availability of fire insurance in California.
Senate Bill 1060, or the Fire Insurance Risk Evaluation (FIRE) Act, would require property insurers to consider wildfire mitigation efforts when setting the price of insurance for homeowners.
"We have to recognize that this is a crisis. People are losing insurance every day or the exorbitant markups in their insurance. So we have to start treating it like a crisis," said Senator Josh Becker, who proposed the measure.
Watch the full interview here.