The California FAIR Plan Association will expand its clearinghouse to include commercial policies, such as those covering farms and condos, beginning July 1. The move follows the passage of Senate Bill 505 in 2023. California Insurance Commissioner Ricardo Lara in …
California Insurance Commissioner Ricardo Lara said he will allow catastrophe modeling to be used in rate regulation for wildfires, a move he says will help restore insurance options for Californians, including allowing. It was the latest phase of Lara’s Sustainable …
California Insurance Commissioner Ricardo Lara issued an official notice to insurers regarding consumers who have been reporting issues obtaining auto insurance coverage. The California Department of Insurance continues to receive numerous complaints from consumers who have been having issues obtaining …
Representatives John Garamendi, Zoe Lofgren and other members of California’s congressional delegation sent a letter to California Insurance Commissioner Ricardo Lara urging him to use his power under state law to stabilize the insurance market and protect consumers. The letter …
California Insurance Commissioner Ricardo Lara on Thursday ordered insurers to preserve residential insurance coverage for more than 15,000 policyholders affected by fires in Del Norte County and Siskiyou County after Gov. Gavin Newsom issued emergency declarations last month. The commissioner’s …
California Insurance Commissioner Ricardo Lara issued a decision regarding the workers’ compensation insurance pure premium rate filing that average $1.46 per $100 of payroll, 2.6% below the average of the approved September 1, 2022 advisory pure premium rates. The Workers’ …
California Insurance Commissioner Ricardo Lara awarded $50,545,239 in grants to 34 district attorney offices representing 44 counties in the state to combat insurance fraud. The grants, funded through annual employer assessments, support law enforcement efforts in investigating and prosecuting fraud. …
California Insurance Commissioner Ricardo Lara appointed new members Janise Graham and Doug Smith, as well as reappointed members Monique Howard and Sandra Moriarty to the Curriculum Board. Lara also appointed Nona Tirre Miranda to the California Automobile Assigned Risk Plan …
A webinar briefing hosted by California Insurance Commissioner Ricardo Lara this week to ease concerns about deteriorating market conditions left insurance agents with more questions than answers, according to a group that represents agents. Agents are experiencing difficulty placing automobile …
The regulation of property/casualty insurance in California has been an epic failure—look no further than the state of the market for personal automobile and homeowners insurance. California Insurance Commissioner Ricardo Lara’s automobile insurance rate moratorium and refusal to process rate …
