Posted January 9, 2025, California since 2007, has distributed notices to insurers, agents/brokers, and adjusters regarding significant California laws that pertain to residential property insurance policies. These notices focus on wildfire claims and can be found on the Department’s Wildfire Resources webpage. These cover a range of topics such as: 
- Cost Calculation, 
- Time Limit To Collect Cost, 
- Land Value Deduction, 
- Advance Payments (additional living expenses), 
- and More 
Please see the attachment for more information.

Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.