Newsom wants homeowners in burn areas to get interest earned on insurance payouts

Insurance payouts can accrue significant interest while the money sits in escrow during rebuilding, say proponents of a bill that Gov. Newsom says would ensure that homeowners benefit.

Feb 10, 2025 - 13:44
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Newsom wants homeowners in burn areas to get interest earned on insurance payouts
Insurance payouts can accrue significant interest while the money sits in escrow during rebuilding, say proponents of a bill that Gov. Newsom says would ensure that homeowners benefit.