Newsom promotes bill to bring interest from fire-related insurance payments to homeowners
- Posted on February 10, 2025
- By The Hill
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Newsom promotes bill to bring interest from fire-related insurance payments to homeowners
![](https://thehill.com/wp-content/uploads/sites/2/2025/01/AP25006775719235-e1737130630704.jpg?w=900)
California Gov. Gavin Newsom (D) threw his support on Monday behind new legislation aimed at guaranteeing that wildfire-impacted homeowners, rather than their lenders, would receive interest earned from insurance payouts. The bill, authored by state Assemblymember John Harabedian (D), intends to fix what the governor’s office described as “an inequity in current law,” which has…