@lain @lnxw37b2

Newsom signed this EO in 2023 to try to solve the coverage and affordability crisis

https://www.gov.ca.gov/wp-content/uploads/2023/09/9.21.23-Homeowners-Insurance-EO.pdf

The unique thing about Cali is this:

> Wildfires in 2017 and 2018 wiped out two times the underwriting profits that insurers had accrued over the prior 26 years. Yet state Insurance Commissioner Ricardo Lara won’t let insurers raise premiums to account for increasing wildfire risks. California is the only state that requires insurers to set premiums based on historical experience.

https://archive.is/C4BYN#selection-455.0-455.363

This is probably what Terry was referring to but it's so simple he should have remembered it considering how much he loathes California.