Newsom calls on regulators for new solutions to California’s insurance crisis

As insurance companies continue to hike rates and cancel coverage for thousands of homeowners across fire-prone parts of California, Gov. Gavin Newsom is directing regulators to come up with new solutions to stabilize the state’s spiraling home insurance market.

In an executive order this week, Newsom instructed the state insurance department to submit recommendations on insurance costs and accessibility, wildfire mitigation and compensation for fire victims, among other concerns.

“There’s no Republican or Democrat thermometer — red and blue states alike, and countries around the world, are facing this climate-fueled insurance crisis,” said Newsom, a likely 2028 presidential contender, in a statement. “And California is taking action.”

The order is tied to a new law authored by Californ