Perspective: With historic property losses to California’s homeowners came an equally historic exodus of its property insurers – leading to 5x to 10x increases in the cost of property insurance – if same could be obtained at all. Members of Community Associations Institute (“CAI”) California Legislative Action Committee (“CLAC”) have been petitioning the California Department of Insurance (“CDI”) to revise its guidelines, as well as helping to influence the CA FAIR plan in ways that will allow them to provide an insurance safety net to condominiums. Here is a report from the front lines: Read the article………………………..
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Dear Tony: Thank you for your column last week regarding levy refunds. Our strata council…