California Bans Insurance Cancellation in LA Fire-Affected Areas

California banned insurers from canceling or not renewing residential property policies in the Los Angeles neighborhoods that were affected by the blazes that destroyed swaths of the city this week.

The state’s insurance commissioner, Ricardo Lara, issued a one-year mandatory moratorium to shield those in the neighborhoods or adjoining ZIP codes of the Palisades and Eaton fires, whether they suffered a loss or not, according to a statement published late Thursday Los Angeles time.

This order applies to all residential property policies in force as of Jan. 7, when Governor Gavin Newsom declared a state of emergency.

The California ...