California E&S Insurance

Yes this plan also enables, almost encourages, vast amounts of **new** development in fire prone and flood prone areas and forces everyone else to bear the cost. It's almost as if developers wrote Lara's proposal. They want to be able to keep building new homes in wildfire habitat but this requires being able to guarantee insurance and they likely can't do this right now. The impact on median insurance could be huge. From the article: >Harvey Rosenfield, founder of the advocacy group Consumer Watchdog and author of a 1988 ballot proposition that regulates insurance rates, said Lara's announcement “**will dramatically increase homeowner and renter insurance bills by hundreds or even thousands of dollars**.”

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