Insurance looms as California Legislature nears end of session

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Insurance looms as California Legislature nears end of session
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There are just a few days remaining in the 2023 session of the California Legislature and it has nearly 1,000 bills still to process.

A chimney stands at a destroyed building as the McKinney Fire burns in Klamath National Forest on July 31, 2022. Photo by Noah Berger, AP PhotoThere are just a few days remaining in the 2023 session of the California Legislature and it has nearly 1,000 bills still to process – and perhaps some late-blooming measures not yet drafted.

Historically, the last few days of any session are rife with rumors about phantom bills that might surface and be hustled through the process. This year’s prime topic for 11Several major insurers have pulled out of the California market, or reduced their exposure, citing unacceptable risks due to massive wildfires and escalating construction costs.

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