File #: 23-1762    Version: 1
Type: Agenda Item Status: Time Allocation
File created: 9/12/2023 In control: Board of Supervisors
On agenda: 10/10/2023 Final action: 10/10/2023
Title: Supervisor Hidahl recommending the Board receive a presentation from the California Department of Insurance on the new Mitigation in Rating Plans and Wildfire Risk Models. FUNDING:  N/A
Attachments: 1. A - EDC BOS SFW - PPT 10.10.23, 2. Public Comment Rcvd 10-9-2023 BOS 10-10-2023.pdf, 3. Public Comment BOS Rcvd. 10-6-2023

Title

Supervisor Hidahl recommending the Board receive a presentation from the California Department of Insurance on the new Mitigation in Rating Plans and Wildfire Risk Models.

 

FUNDING:  N/A

Body

DISCUSSION / BACKGROUND

California Department of Insurance(CDI) presentation of the new Mitigation in Rating Plans and Wildfire Risk Models Regulation.  This regulation directs insurance companies to provide discounts to consumers with transparency about risk rating.  Presentation will include steps to take to lower wildfire risk, and the impact on home and commercial insurance rates, including the FAIR Plan.

 

ALTERNATIVES

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PRIOR BOARD ACTION

N/A

 

OTHER DEPARTMENT / AGENCY INVOLVEMENT

N/A

 

FINANCIAL IMPACT

N/A

 

CLERK OF THE BOARD FOLLOW UP ACTIONS

N/A

 

 

STRATEGIC PLAN COMPONENT

 

 

CONTACT

Cindy Munt 5650