California Insurance Commissioner Ricardo Lara News

California Commissioner Issues Decision on Workers’ Comp Regulatory Filing

California Insurance Commissioner Ricardo Lara issued a decision this week regarding the Workers’ Compensation Insurance Rating Bureau of California’s Sept. 1, 2023 regulatory filing. The Commissioner approved all of the WCIRB’s proposed changes to: the California Workers’ Compensation Uniform Statistical …

Officials: 30 California Workers Getting $437K in from Food Company

California Insurance Commissioner Ricardo Lara and California Labor Commissioner Lilia Garcia-Brower on Monday announced the resolution of criminal charges filed against Golden Food Inc in a plea agreement in which the company admitted to a litany of labor violations, including …

California Commissioner and FAIR Plan Agree to up Commercial Coverage to $20M

California Insurance Commissioner Ricardo Lara and the California FAIR Plan Association agreed to more than double its existing commercial coverage limits to $20 million for businesses unable to find coverage in the normal insurance marketplace. Lara and the FAIR Plan …

People Moves: PCF Names New President; California Department of Insurance Appoints Members

PCF Insurance Services in Lehi, Utah, named Jenni Lee Crocker president. Crocker was PCF’s senior vice president, growth and operations for the past year. She will remain on the board of directors at PCF after completing her two-year tenure as …

Insurers View New Car Sales Rise in California as More Evidence for Rate Filings

New figures show car sales in California continue to slowly return to pre-pandemic levels, which the state’s auto insurers believe is another indication the state’s insurance regulator needs to approve more rate filings. The California New Car Dealers Association this …

California Commissioner Alert Notes Coverage for Floods and Mudslides Caused by Wildfires

California Insurance Commissioner Ricardo Lara on Wednesday issued a formal notice to insurance companies reminding them of their legal duty to cover damage from any future mudslide or similar disaster that is caused by recent wildfires that weakened hillsides, as …

California Investigation Leads to $23.8 Million Settlement over Unlawful Incentives for Eyecare Products

California Insurance Commissioner Ricardo Lara announced that Essilor Laboratories of America Inc. agreed to a $23.8 million settlement in a lawsuit that alleged the company violated the Insurance Frauds Prevention Act. The lawsuit alleged Essilor provided kickbacks and other unlawful …

California Commissioner Issues Moratorium on Homeowners Insurance Cancellations in L.A. and Kern Counties

California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve residential insurance coverage following Gov. Gavin Newsom’s Nov. 19 emergency declaration. The commissioner’s bulletin shields policyholders within the wildfire perimeter of the Route Fire and in adjacent ZIP codes from …

Report: Insurance Industry Spent $3.1B with California Diverse Businesses

New data from the California Department of Insurance suggests some progress in the department’s push for California’s $409 billion insurance industry to partner more with the diverse small businesses. The latest results from the California Insurance Diversity Survey for 2021 …

Lara Reelected as California Insurance Commissioner

In California’s election races, incumbent Democrat Ricardo Lara defeated Republican challenger Robert Howell, a small business owner, in the race for insurance commissioner. Lara won with 58% of the vote and 94.9% of the precincts reporting. Howell ran with a …