For Immediate Release
Date: 8/13/2024
Orange County Board of Supervisors Unanimously Passes Resolution to Address Insurance Crisis
(Santa Ana, CA) – Chairman Don Wagner and the Orange County Board of Supervisors unanimously passed a resolution urging immediate action from the California Insurance Commissioner, the State Legislature, and the Governor to strengthen and stabilize California’s troubled insurance marketplace.
This decisive step comes in response to the ongoing turmoil in the insurance market, which has seen major carriers halting the issuance of new homeowners and commercial property insurance policies, thereby limiting coverage options for consumers.
“The residents and business owners of Orange County are grappling with significant challenges in securing necessary insurance coverage,” said Chairman Wagner. “Our neighboring county, San Bernardino, and the city of Yorba Linda have already taken similar steps, demonstrating the widespread concern across our region. We must join this collective effort to ensure the stability of our housing and commercial property markets.”
State Insurance Commissioner Ricardo Lara has already commended San Bernardino County for its proactive measures, underscoring the importance of unified action in addressing this crisis.
The resolution reflects the Board’s commitment to safeguarding the economic well-being of Orange County residents. With the insurance market in disarray, it is imperative that state officials take immediate action to prevent further economic repercussions and protect our communities.
To learn more about the Third District office, please visit donwagnerca.com and follow him on social media @donwagnerca for the latest updates.
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