Capitol Weekly: An Insurance Crisis is Upon Us

I wanted to share this editorial from Capitol Weekly since it’s simple to understand for non-insurance industry folks. I 100% agree and support the views of this piece written by Julian Canete, president and CEO of the California Hispanic Chambers of Commerce. So many property owners are being hurt in Mono County and other areas of California right now.

Read the whole piece. Here’s an excerpt:

“Unless Insurance Commissioner Ricardo Lara acts quickly, homeowners, drivers and businesses will continue to lose access to affordable coverage – a reality that will hurt those who can least afford it.

Without access to homeowners insurance, lenders will stop issuing mortgages. Without access to auto insurance, drivers will be burdened with finding other modes of transportation. Commercial insurers are also pulling back coverage options, adding limited, costly insurance to the pile of disruptions like inflation and supply-chain delays already challenging California’s small businesses.

This looming crisis is entirely manmade, and it can be avoided. It’s time for the Commissioner to start doing his job.”

We encourage anyone affected by these insurance issues to call the California Department of Insurance to let them know you’re displeased with the insurance situation in California. You can reach them at (800) 927-4357.