AB 1933: Wildfire risk models.

Existing law generally regulates classes of insurance, including property and fire insurance. Existing law creates the Department of Insurance, headed by the Insurance Commissioner, and prescribes the departments powers and duties. Existing department regulations set forth requirements and limitations for wildfire risk models used to measure or assess the wildfire risk associated with a residential or commercial structure for classifying structures according to their wildfire risk or estimating losses corresponding to wildfire risk classifications.

On or before January 1, 2026, and on or before each January 1 thereafter, this bill would require the department to report to the Assembly Committee on Insurance and the Senate Committee on Insurance regarding wildfire risk models it regulates.