California bans insurance cancellation, non-renewals in LA areas affected by fires

The state of California's insurance regulator on Friday announced a one-year moratorium on the cancellation of homeowners insurance policies in areas of Southern California that have been affected by this week's devastating wildfires.

The California Department of Insurance (CDI) announced that the mandatory one-year moratorium will prevent insurers from canceling or not renewing homeowners' policies in specific areas affected by the Palisades and Eaton wildfires in the Los Angeles area. 

The moratorium applies to all homeowners...