Democratic Representative Adam Schiff, who is running for the Senate in California, is pushing for a revamp of home insurance rates in response to rising costs and reduced availability of homeowners' policies. Schiff's proposal focuses on reinsurance, which involves insurers transferring risk to other companies. He introduced a bill in January for a federal reinsurance option that would provide comprehensive coverage for wildfires, storms, and floods. However, the insurance industry opposes Schiff's plan, arguing that it would encourage people to live in high-risk areas. Schiff believes that his proposal would bring relief to the market, but acknowledges that it would take several years to implement even if it gains enough support to pass [e780bdc0].
Democratic Assembly member Laura Friedman is expected to succeed Adam Schiff in Congress. Friedman, who won the March primary for California's 30th Congressional District, is heavily favored to win the November election in the deep-blue Democratic stronghold. She has a background in film and has served in the state Assembly, focusing on housing, climate change, and abortion rights. Friedman is currently fundraising and planning for her transition to Washington. She has a reputation as a wonkish and deliberate policymaker and has authored several laws, including a fur coat ban and legislation to ease the housing crisis. Friedman's political roots date back to her childhood, as her mother was a founder of the Broward County chapter of the National Organization for Women [d1ab95fc].
Adam Schiff, born on June 22, 1960, is an American lawyer, author, and politician serving as a U.S. representative from California since 2001. He graduated from Stanford and Harvard Law School. Schiff represents California's 30th congressional district, which includes Pasadena, Glendale, Burbank, West Hollywood, and various neighborhoods in Los Angeles. He was a member of the California State Senate from 1996 to 2000 [71af3f7d].