Bill > SB1370

This bill requires the administrator of the Wildfire Fund, a fund established to pay claims from wildfires ignited on or after July 12, 2019, to present a report containing recommendations on mitigating damage, accelerating recovery, and equitably allocating the burdens of natural catastrophes to specified Senate committees. This report, which is due by April 1, 2026, and was developed in consultation with various state agencies and stakeholders, includes recommendations on property insurance accessibility and affordability, alternative risk-sharing structures, wildfire mitigation measures, recovery financing, ratepayer benefits, streamlined compensation mechanisms for wildfire damages, potential limitations on wildfire litigation recoveries, wildfire spread reduction programs, and new models to complement or replace the Wildfire Fund, such as state-supported reinsurance or mutual insurance funds.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB1370