California Insurance Commissioner Ricardo Lara today issued an order adopting emergency workers’ compensation regulations in response to the COVID-19 pandemic. The new regulations go into effect on July 1. The regulations require insurance companies to recompute premium charges for policyholders …
Climate change is a systemic risk with wide-ranging potential physical impacts, according to a new report that also serves as a call-to-action for U.S financial regulators to do more to deal with a changing climate. An eventual transition to a …
California Insurance Commissioner Ricardo Lara today issued a bulletin extending his previous order requiring insurance companies to return partial insurance premiums to consumers and businesses amid the ongoing COVID-19 pandemic. The California Department of Insurance will review all premium adjustments …
California Insurance Commissioner Ricardo Lara on Wednesday announced the newest members of the Insurance Diversity Task Force, which makes recommendations to the commissioner on ways to increase diversity within the industry. Lara’s newest appointments include the first Hmong-American member, and …
California Insurance Commissioner Ricardo Lara on Tuesday issued a notice requiring insurance companies and other California Department of Insurance licensees to comply with their obligations to fairly investigate all business interruption claims caused by COVID-19. The notice follows numerous complaints …
California Insurance Commissioner Ricardo Lara on Monday ordered insurance companies to return insurance premiums to consumers and businesses and provide financial relief during the COVID-19 emergency. The commissioner’s bulletin covers premiums paid for at least the months of March and …
California Insurance Commissioner Ricardo Lara today alerted insurance companies that all workers affected by COVID-19 on the job are eligible for workers’ compensation benefits regardless of their immigration status. Lara’s alert includes workers engaged in occupations such as healthcare, emergency …
California Insurance Commissioner Ricardo Lara has issued a notice to insurers ordering them to stop enforcing policy or statutory deadlines on policyholders for claims or coverage until 90 days after the statewide “state of emergency” or other “state of emergency” …
California Insurance Commissioner Ricardo Lara has directed insurance companies to submit data to the California Department of Insurance regarding coverage of commercial business interruption related to COVID-19. It is hoped the data will help state policymakers understand the scope of …
California Insurance Commissioner Ricardo Lara is asking insurers for a grace period on paying premiums. Lara today issued a notice requesting that all insurance companies provide their policyholders with at least a 60-day grace period to pay insurance premiums to …
