Bay Area congressional representatives hope to lure property insurance companies back to California with legislation that could reduce their losses by giving property owners financial incentives to improve emergency preparedness.
U.S. Rep. Mike Thompson, D-St. Helena, announced bipartisan legislation on Thursday that would establish a grant program and offer tax breaks to property owners who take measures to fortify their property against fire and other disaster threats. The legislation was co-authored by Doug LaMalfa, R-Richvale, and co-sponsored by Rep. Jared Huffman, D-Marin, and others.
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