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California Penal Code 396 automatically goes into effect for the 30 days after an emergency declaration, largely limiting price increases for materials, goods, services, hotels, and rent to no ...
State law also allows people and organizations to dispute proposed price increases before they go into effect. Those challenges add time to the evaluation. Those challenges add time to the evaluation.
On Sunday, California Gov. Gavin Newsom signed an executive order that enforces the state’s anti-price-gouging rules for disaster areas through Jan. 7, 2026. Under California Penal Code 396 ...
Californians without any insurers in the area can still purchase the property insurance from FAIR, the state’s insurer-of-last-resort, but high rates and limited property value coverage mean it ...
State laws vary on what price increases are permitted during a declared disaster. California has set a 10 percent ceiling on price increases. [12] The law includes exceptions for price increases that can be justified in terms of the increased cost of supply, transportation, demand, or storage. [13]
California’s law makes it illegal for landlords and businesses to raise prices more than 10% in a state of emergency — punishable by up to $10,000 in fines or a year in jail.
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 ...
Citing what it calls a potentially “dire situation,” State Farm on Monday asked California for permission to hike insurance rates by an average of 22%. In the wake of the Los Angeles-area ...