Insurance: residential and commercial.

Summary

It would require California to pay any increase in residential property insurance premiums that exceeds either 7% or the national average increase, whichever is lower, once funded. The legislation also sets the state premium tax on residential property insurance to zero starting in 2026 and orders a report on regulatory reforms and fire‑fuel reduction spending. The aim is to keep homeowners’ insurance costs down and improve market stability.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

(Ayes 46. Noes 17. Page 908.) · Mar 28, 2025

Hearings

• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Apr 28, 2025
• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Apr 21, 2025

History

1. Feb 2, 2026From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2. Jan 31, 2026Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
3. Apr 28, 2025In committee: Set, second hearing. Held under submission.
4. Apr 21, 2025In committee: Set, first hearing. Referred to suspense file.
5. Mar 28, 2025Re-referred to Coms. on REV. & TAX. and INS. pursuant to Assembly Rule 96.
6. Mar 28, 2025(Ayes 46. Noes 17. Page 908.)
7. Mar 11, 2025Re-referred to Com. on INS.
8. Mar 10, 2025Referred to Coms. on INS. and REV. & TAX.
9. Mar 10, 2025From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.
10. Feb 13, 2025From printer. May be heard in committee March 15.
11. Feb 12, 2025Read first time. To print.

Sponsors

• DeMaio · sponsor

Bill text

Opens the legislature’s own copy.

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