What’s California doing to address the insurance crisis? The possible solutions and what insurance companies need to change [Video]

LOS ANGELES (KABC) — For many people, it’s a frightening moment when they get their yearly insurance documents.

Suddenly, they’re seeing huge rate increases – or worst – cancellations.

“Oh it’s definitely a crisis, said Susan Bookheimer, who owns a home in Calabasas. “Every passing year, it’s going to get worse, because people are having their insurance changed. You have a one-year policy … when that one year comes up, everybody is now getting these terrible bills.”

How can California bring down high insurance rates?

Experts say the obvious solution is to reduce the risk.

Former California Insurance Commissioner Dave Jones said the state is already doing a few things. For example, the state is taking better care of the forests, especially the ones that are close to residential areas.

“One thing we know for sure is that better managing of our forests, using thinning and prescribed fires, significantly reduces the risk of severe wildfires,” said Jones.

He said after that, insurance …