Los Angeles
City Council
Agenda Item 2
(2) 230002S121 RULES, ELECTIONS AND INTERGOVERNMENTAL RELATIONS COMMITTEE REPORT and RESOLUTION relative to including in the City's 202324 State Legislative Program support for legislation and/or administrative action which would ensure that homeowners in areas of the Tuesday State threatened- May 21, 2024 by wildfires - obtain adequate homeowner’s can PAGE 5insurance Items for which Public Hearings Have Been Held (2) 230002S121 RULES, ELECTIONS AND INTERGOVERNMENTAL RELATIONS COMMITTEE REPORT and RESOLUTION relative to including in the City's 202324 State Legislative Program support for legislation and/or administrative action which would ensure that homeowners in areas of the State threatened by wildfires can obtain adequate homeowner’s insurance without relying on the California Fair Access to Insurance Requirements (FAIR) plan. Recommendation for Council action, pursuant to Resolution (Rodriguez Raman), SUBJECT TO THE CONCURRENCE OF THE MAYOR: RESOLVE to include in the City's 202324 State Legislative Program SUPPORT for legislation and/or administrative action which would ensure that homeowners in areas of the State threatened by wildfires can obtain adequate homeowner’s insurance without relying on the California FAIR plan, including potential legislation to create an entity to provide fire insurance for California residents modeled after the California Earthquake Authority. Fiscal Impact Statement: Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report.