"Californians deserve a reliable insurance market that doesn't retreat from communities most vulnerable to wildfires and climate change." California issues new mandate that will have a major impact on homeowners' insurance: 'This is a historic moment' first appeared on The Cool Down.

A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past.

The wildfires in Southern California have put a spotlight on the home insurance industry. Companies are being confronted with massive new claims. This comes at a time where some insurers have reportedly agreed to sell new policies in fire prone areas.