Insurance proposal in Democrat-run state falls short as wildfires rage [Video]

California residents’ homes and iconic landmarks are now at the mercy of the raging Palisades Fire, and state legislation for expanding insurance access across the Golden State may have come too late.

Just before the New Year, the California Department of Insurance announced it had reached the final step in passing the “Sustainable Insurance Strategy,” which, according to the text of regulation, would require insurance companies to increase coverage in high-risk, wildfire-distressed areas, and limit costs passed onto customers.

But due to a 30-day review period, as FOX Business’ Cheryl Casone reported, the legislation did not go into effect by the time five wildfires — the Hurst, Eaton, Woodley, Palisades and Tyler Fires — started burning on Tuesday in Los Angeles County, including the Pacific Palisades and Sylmar neighborhoods of Los Angeles and another near the City of Pasadena.

The fires are zero percent contained, officials told Fox News, while more than 30,000 residents are under mandatory evacuation orders. …