Article 0 Comments California Insurance Commissioner Ricardo Lara on Friday announced he wants to make certain reforms to the state’s insurance law, Proposition 103, including changing the controversial intervenor process. Prop. 103, passed by...
Article 0 Comments California Insurance Commissioner Ricardo Lara on Thursday said he has launched a formal investigation into State Farm’s handling of thousands of insurance claims from wildfire survivors affected by the Palisades and...
Article 0 Comments California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim rate hike, the California Department of Insurance announced on Friday. The approval is on the provision that...
Article 0 Comments California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a meeting with the carrier to get some answers about the carrier’s...
Article 1 Comment California Insurance Commissioner Ricardo Lara and a group of state lawmakers are pushing a 10-bill legislative package designed to improve disaster preparedness and help protect wildfire survivors. The bills intended focus...
Article 1 Comment California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation that will allow carriers to use the models as a factor...
Article 0 Comments California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 16,000 policyholders affected by the Boyles Fire located in Lake...
Article 0 Comments California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says will be the nation’s first public wildfire catastrophe model. The plan...
Article 0 Comments California Insurance Commissioner Ricardo Lara has identified areas in the vicinity of the several ongoing large wildfires in the state that will be protected by a one-year moratorium on homeowners insurance...
Article 0 Comments California Insurance Commissioner Ricardo Lara on Friday released a statement on his latest administrative action designed to address the state’s homeowners insurance crisis. Lara today issued a bulletin implementing rate review...