SACRAMENTO — Nearly six months after a firestorm ravaged communities across Los Angeles, California lawmakers are crafting legislation to try to protect the state insurance program for high-risk homes from financial collapse.

A bill, AB 226, sponsored by Assemblymembers Lisa Calderon (D-Whittier) and David A. Alvarez (D-San Diego), would make the state’s insurer of last resort, the FAIR Plan, eligible for loans and bonds from the state-backed California Infrastructure and Economic Development Bank to avoid running out of money after a disaster.

Alvarez proposed the measure last year but it failed to pass. Despite receiving unanimous support in the Assembly, the bill never reached the Senate floor for a vote before the end of the 2024 legislative session.

If the measure had passed last

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