California Gov. Gavin Newsom has signed an executive order directing state agencies to stabilize the volatile insurance market and find new ways how California can respond to catastrophes.

The executive order calls for multiple agencies and departments to collaborate on research and recommendations to develop tools to mitigate the costs of recovering from natural disasters, to stabilize the insurance market and utility sector, to make insurance more affordable and accessible and to protect ratepayers and ensure compensation for wildfire survivors.

State of play: Newsom’s order comes as California has been grappling with home insurers leaving the state. • But California received some good news last week in regards to home insurers when five homeowners insurance companies revealed they a

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