Finishing first in the primary for state insurance commissioner, Jane Kim — who formerly sat on the San Francisco Board of Supervisors — is at the center of a race that typically flies under the radar, but carries implications for real estate developers and investors, along with homeowners. The Palisades and Eaton fires put a spotlight on the role, as insurance shortfalls and payout delays have muddied the road to rebuilding. The average difference between property owners’ insurance payouts and what it would cost them to rebuild was $550,000 in Altadena and $1.2 million in the Palisades, according to a […]
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