In a recent meeting of the Assembly Insurance Committee, a critical discussion emerged around the pressing issues of insurance availability and affordability in California. Committee members emphasized that before addressing the affordability of insurance, it is essential to tackle the availability of coverage options. The sentiment was clear: “You can’t afford what doesn’t exist,” highlighting the need for a robust insurance market where residents can access necessary coverage.

The committee acknowledged the challenges posed by rising insurance rates, which have consistently increased over the past 30 years under Proposition 103. While it was noted that insurance prices may continue to rise, the committee stressed that these costs would still be significantly lower than the risks associated with being uninsured or self-insured. This point resonated with the reality faced by many Californians who struggle to find adequate coverage, risking the loss of their homes and possessions.

The discussions underscored a commitment to building a new insurance system that prioritizes accessibility and affordability, moving away from reliance on the fair plan, which often comes with higher premiums and limited protections. The committee's focus on these issues reflects a broader goal of ensuring that all Californians have the opportunity to secure the insurance they need, thereby protecting their homes and communities.

As the committee continues its work, the emphasis on creating a more equitable insurance landscape remains a priority, aiming to alleviate the burdens faced by residents across the state. The outcomes of these discussions will be crucial in shaping future policies that directly impact the lives of Californians.