California’s Insurance Crisis, Part III

Rachel Anne Goodman interviews Deputy Insurance Commissioner, Michael Soller about the crisis in home insurance in fire-prone areas, including Santa Cruz and Monterey Counties. A recent New York Times article revealed some alarming details about the way the new regulations and rates were negotiated. It raised questions about the future of real estate in California, and the prospect of even higher costs of insuring a home with fewer choices of companies willing to write policies. Then, Justin Kloczko and Carmen Balber join in from Citizen Watchdog, some Lara’s loudest critics calling for his resignation due to his handling of the insurance crisis.