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The US House of Representatives will hold a hearing on Thursday about how regulatory policy affects the prevention of natural disasters, with an emphasis on the deadly fires that devastated southern California Last month.
A producing judiciary under the leadership of the GOP on the administrative state, regulatory reform and antitrust will begin hearing entitled “California Fire and the consequences of excessive regulation” on Thursday at 10am.
Not only will he listen to the hearing that the regulatory policy in the Golden State has influenced the prevention of natural disasters, especially the fire, it will also be addressed that “excessive regulations” of insurance and allowing recovery slowdown.
Days after the fires started, California government Gavin News Suspended regulations relating to renovation, abandoning a permit request based on the California Coastal Law and the California Environmental Law to allow the faster renovation process.
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Firefighters work from the deck while the Palisades fire burns an object on the beach in Malibu, California, January 8, 2025. (AP Photo/Etienne Laurent)
In the midfield of the fire, the announcement of March 2024 from the largest California private insurer, State Farm, stating that she extinguished the cover for 72,000 home policies and apartments, generating a return reaction and questions that surround Insurance accessibility in the area especially.
The insurer said that the letter was sent to the California Insurance Department (CDI) shortly after that announcement was “Alarm signaling a serious need for fast and transformation.”
Now, State Farm asks CDI to “immediately approve” a rate of 22% for 22% for homeowners who are not tenants, an increase of 15% for renters and apartments, and 38% for the apartment.
Palisades’ smoke rises over the residences in the Mandeville Canyon on Saturday, January 11, 2025 in Los Angeles. (AP Photo/Jae C. Hong)
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Increased rates will help “prevent a terrible situation,” said the state farm, and entered into force on May 1, 2025.
“From February 1, General State Farm General (only the fire) has received more than 8,700 requests and has already paid more than $ 1 billion to customers,” the insurer wrote in a statement on his website. “General State Farm will ultimately pay much more, as these fires will be collectively the most expensive disaster in the history of the state agricultural general.”
Air photo shows more coal homes after Eaton fire in Altadeni, California on January 30, 2025. (AP Photo/Jae C. Hong)
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The hearing comes the day after traveling to Washington, DC, to meet with President Donald Trump and Congress members in an effort to ensure more federal fire recovery financing.
Secretary California Natural Resources Agency, The meeting was also attended by Wade Crowfoot, which oversees the water and fire policies all over the country.
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Witnesses on the hearing include Steve Hilton, the founder of Golden together; Steven Greenhut, older colleague and the director of the Western region at the Street Institute; and Edward Ring, which oversees water and energy policy at the California Policy Center.
Fox Business’ Rachel Wolf contributed to this report.
