For Immediate Release
Date: 8/9/2024
Chairman Don Wagner Introduces Resolution to Address Insurance Crisis
(Santa Ana, CA) – Chairman Don Wagner has introduced a resolution for approval (Item S28E) at the August 13th Board of Supervisors meeting urging immediate action from the California Insurance Commissioner, the State Legislature, and the Governor to strengthen and stabilize California’s troubled insurance marketplace.
This request 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 commended proactive measures, such as this resolution, 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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