A bill that would make oil and gas companies pay for rising insurance costs due to climate-related disasters was introduced this week in the Legislature. California home insurance premiums have been rising by double-digit rates following a series of devastating wildfires across the state over the last decade. But the answer in terms of who is not paying is fossil fuel corporations,” said Wiener, the bill’s lead author. Business California insurers set to charge homeowners for L.A. County fire costs Residential policyholders across California could be paying several hundred million dollars to help cover the costs of claims arising out of the January firestorms in Los Angeles County. California also is not alone in seeking to pass legislation that would hold fossil fuel companies responsible for higher insurance costs.

Source: Los Angeles Times February 06, 2026 10:48 UTC