California Insurance Commissioner Ricardo Lara News

California Commissioner Wants Insurers to Extend Living Expense Coverage for 2017 Wildfire Survivors

California Insurance Commissioner Ricardo Lara on Wednesday announced two new actions intended to assist survivors of the 2017 North Bay Fires who are facing unavoidable delays in rebuilding. The California Department of Insurance issued a notice to insurers requesting they …

California’s New Climate and Sustainability Chief in Talks with Insurers

Michael Peterson has had about five months to come in and tackle what promises to be unique job. Peterson is California’s deputy commissioner for climate and sustainability. After California Insurance Commissioner Ricardo Lara named Peterson to the newly created job …

California Commissioner to Hold Hearing on Auto Insurance Groups And Premiums

California Insurance Commissioner Ricardo Lara plans to hold an investigatory hearing into how insurers’ use of occupational, educational, and other groups for setting automobile insurance rates affects insurance premiums for lower-income Californians. The hearing is set for Sept. 17 at …

California Insurance Commissioner Rejects Petition to Require Fossil Fuel Underwriting Disclosure

California’s new insurance commissioner wasn’t getting along so well on Earth Day with groups of climate change and consumer activists. California Insurance Commissioner Ricardo Lara, who put battling climate change on top of a liberal and consumer friendly platform on …

California Commissioner Yet to Move on Petition from Climate Activists for More Insurer Regs

Nobody’s saying much as California Insurance Commissioner Ricardo Lara considers how he will respond to a petition submitted by climate change activists urging him to place new regulations on insurers to disclose what projects in the fossil fuel industry they …

Climate Activists Petition for Carriers in California to Reveal Fossil Fuel Insureds

More than 60 environmental, consumer and social justice organizations on Thursday delivered a petition to California Insurance Commissioner Ricardo Lara seeking what is believed would be the first regulations in the nation requiring insurance companies to disclose the fossil fuel …

Climate Activists to Pressure U.S. Insurers Underwriting Fossil Fuel Industry

Expect calls for the insurance industry to stop investing in or insuring the fossil fuel industry and fossil fuel projects to grow louder in California and throughout the U.S. A new petition by several climate change and consumer activist groups …

California Weighs Buying Disaster Insurance Policy to Cover Wildfire Costs

California’s insurance commissioner and a lawmaker want to the state to consider buying insurance in the private market to cover rapidly increasing costs of fighting wildfires due to climate change. State Sen. Bill Dodd, D-Napa and California Insurance Commissioner Ricardo …

Insured Losses from Last Year’s California Wildfires up to $11.4B

California Insurance Commissioner Ricardo Lara on Monday announced that more than $11.4 billion in insured losses have been reported from the November 2018 fires. That is a 25 percent increase, or more than $2.3 billion, from losses the California Department …

New California Commissioner to Confront Climate-Fueled Fires, Expand Healthcare

As Ricardo Lara took office as California Insurance Commissioner at a ceremony in Sacramento on Monday, he pledged to help residents recover from wildfires while defeating the threat of climate change. Lara, the eighth elected California insurance commissioner since voters …