California Insurance Commissioner Dave Jones Sponsored SB 894, AB 1772, AB 1800, AB 1875, and AB. 2594. Governor Jerry Brown has Signed these Bills- some take effect immediately.
For the provisions of the bills to be effective the loss must be from a Declared Disaster. The provisions of the bills help homeowners or business owners who maybe uninsured but also broaden the flexibility in the way coverage is paid allowing for Primary Dwelling coverages to be increased. Additional Living Expenses are to be increased from 2 years to 3 years. AB 1800 allows Full Extended Replacement Cost benefit regardless if home is rebuilt same location, new location, or consumer purchases an existing home.
As an Independent Agent it's hard not to welcome these changes that may help a client in a future disaster. Also having relationships with Insurance Companies I know costs will be adjusted in actuary risk models. It could even be argued that responsible consumers that have adequately insured their Homes or Business will end up bearing the cost of underinsured consumers.