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 The total acres burned in California this year surpassed 1 million as spiking temperatures this week added to the challenges facing firefighters struggling to contain a stubborn blaze in the mountains...
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 The city of Los Angeles will pay $38.2 million to settle a 2017 lawsuit after “falsely” stating on federal documents that its multifamily affordable housing units built with federal funds were...
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...
Article 0 Comments The parties involved in Lahaina wildfire lawsuits against the state of Hawaii, Maui County and utilities are close to a global settlement of claims that will be worth a little over...
Article 0 Comments California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high value commercial coverage option with limits up to $20...
Article 0 Comments Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%. According to the California Department of Insurance, the Allstate homeowners filing was received by the...
