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via insurancejournal.comPolitics

California's new smoke claims law may create recovery bottleneck for insurers

FROM THE WIRE · INSURANCEJOURNAL.COM

Where there's smoke there's fire, but is the reverse true? The presumption in California could be that it is. One fallout from the plague of wildfires

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralLegal presumption of smoke damage could increase insurance costs and slow claims processing.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01California introduces legal presumption linking smoke to fire damage.
  2. 02The law could create inefficiencies in insurance claims processing.
  3. 03Direct consequence of California's escalating wildfire crisis.

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