Lawmakers announce new California’s wildfire insurance legislation

Amid mounting cries of California homeowners being denied wildfire insurance in high-risk areas, lawmakers want to require insurance companies to cover all existing homes, as long as they meet new safety standards. The measure, coming after years of deadly fires causing insurers to turn down more customers, would also require insurance companies to give homeowners financial incentives for fire safety upgrades. Existing homes that meet a new state standard for "fire-hardening" would not be denied coverage under the law. Get the full story in the video above.

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