New emergency insurance regulations for California went into effect for the new year that will require home insurance providers to write more policies, including in high-risk wildfire-prone areas.

California will start requiring property insurers to increase coverage in wildfire-prone areas after homeowners across the state increasingly struggle to find policies.

Insurance companies in California will have to offer coverage to homeowners in wildfire-prone areas under a new state regulation that was announced Monday.

Insurance companies will be required to increase coverage in high-risk areas, but also allowed to factor in reinsurance costs in rates.