The federal bill was proposed by state Representative Adam Schiff (D-Burbank) last week. Last Wednesday, California Representative Adam Schiff (D-Burbank) introduced a new federal bill with the intention of leaving behind the crisis in the homeowners insurance market and propping it back up again following the exit of several insurers from markets across the country. The legislation is called the INSURE Act and would correct the issue through federal reinsurance. The INSURE Act stands for Incorporating National Support for Unprecedented Risks and Emergencies Act. The idea behind it is to…
Read MoreNew bill introduced in California to help overcome homeowners insurance crisis
