COCOTAX INVITATION TO ATTEND A BOARD/MEMBERS LUNCHEON MEETING FRIDAY January 24, 2024 at 11:45am
The Contra Costa Taxpayers Association (CoCoTax) invites you to attend a LUNCHEON Board /Members Meeting at Denny’s Restaurant 1313 Willow Pass Road, Concord, on Friday January 24, 2025 at 11:45 am. Please register in advance on the CoCoTax website where you can pay ONLINE, or bring cash or check on Friday and pay at the door-$25 for members, $30 for guests.
INTRODUCING OUR SPEAKER: LISA STRANGE from the DEPT. OF INSURANCE
In January, we’ll get an update from the California Department of Insurance on the statewide insurance crisis. Lisa Strange, representing the office will outline the department’s Sustainable Insurance Strategy which include the following measures:
- Insurance Availability in At-Risk Areas — Requiring insurance companies to write no less than 85% of homes and businesses in distressed areas.
- Returning FAIR Plan Policyholders to Market — With first priority given to homes and businesses following “Safer from Wildfires” regulation.
- Cat Models/Mitigation — New models will recognize mitigation and hardening requirements to appropriately price rates and discount benefits; presently not available in current rate making process today.
- California-only reinsurance costs — Protecting consumers from paying for other global catastrophes.
- Modernizing FAIR Plan — Expanding commercial coverage limits to $20 million per structure closes coverage gaps for many.
Lisa Strange is the Northern California Outreach Manager in the Community Relations and Outreach Branch at the California Department of Insurance.
Lisa has been with the Department since 2007 in various positions. Currently, Lisa oversees and manages the development, coordination and implementation of the outreach and education work plans throughout the state.
