Business2 sources
California orders lenders to report on LA fire survivors' insurance payouts
- California has ordered lenders to report on their handling of insurance payouts for LA fire survivors.
- The directive aims to ensure transparency and accountability in the payout process.
- This action follows reports of issues in the handling of insurance claims by some lenders.
- The order is part of an effort to support LA fire survivors effectively.
- Further details on the implementation and monitoring of this order are expected.