Tag Archives: AB 2167

AB 2167 + SB 292 – Insurance Market Action Plan

PIFC supported AB 2167 (Daly), which passed to the Senate, and SB 292 (Rubio), which is pending in Assembly Governmental Organization Committee. These bills must be enacted jointly to become operative. Together they provide a comprehensive framework to increase the availability of admitted market insurance in high fire-threat areas and help reduce risk and loss through individual home hardening and community-wide wildfire mitigation.  

Major provisions of these bills:  

Establish the Insurance Market Action Plan (IMAP) program and authorize an insurer to submit an IMAP filing, which would be subject to approval by the Department of Insurance.  
Require, as part of an IMAP filing, an insurer to commit to offer new and renewal residential property insurance
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On the Defense

The legislative bill introduction deadline was February 21, 2020, which means we now have an initial understanding of the “bad bills” related to wildfires and homeowners insurance the industry will face this year. However, there are also many placeholder bills (i.e., spot bills) that do not yet have substantive language, which may be amended in a manner that negatively affects the insurance industry. PIFC staff will monitor these spot bills to see what emerges.

In particular, PIFC has opposed AB 2367, authored by Assemblymember Lorena Gonzalez. Last year, she authored AB 5, which fundamentally changed the way independent contractors operate in California, but our advocates were able to communicate the
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