California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve residential insurance coverage for more than 85,000 policyholders affected by fires in Santa Barbara County and Monterey County after Gov. Gavin Newsom issued emergency declarations this month. The commissioner’s bulletin …
The U.S. Court of Appeals for the Ninth Circuit has affirmed a district court’s dismissal of federal actions in a lawsuit that Applied Underwriters and the California Insurance Co. filed against the California Department of Insurance. This is the latest …
The California FAIR Plan is now offering increased coverage limits for commercial and business properties. The higher limits are being made available in response to customer requests for FAIR Plan coverage of higher value commercial properties. California Insurance Commissioner Ricardo …
California Insurance Commissioner Ricardo Lara on Monday issued a new report and webpage detailing insurer investments in fossil fuels. The report is a study of fossil fuel investments by insurers, identifying insurance company holdings in green bonds that support clean …
A new report from a consumer group calls out what it says are privacy problems posed for consumers from connected cars and it points to new rules to be developed in California as a potential model across the country. Secret …
California Insurance Commissioner Ricardo Lara approved increases in the limits of coverage to the California FAIR Plan Association’s commercial programs offered to businesses, no later than May 1. Lara’s action allows businesses unable to secure insurance coverage in the normal …
California Insurance Commissioner Ricardo Lara announced new regulations he believes will improve wildfire safety and drive down the cost of insurance for homeowners and businesses. The proposed regulations, which could be in effect by this summer, call for insurance companies …
Citing continuing failures by the California Department of Insurance to maintain public access to government records and efforts to limit public disclosure of communications between insurance industry advocates and the department, Assemblyman Marc Levine (D-Marin County) on Tuesday announced a …
A pair of California legislators and the state’s insurance commissioner are pushing a bill to create an early warning system for heatwaves. California State Assembly Members Luz Rivas (D-San Fernando Valley) and Eduardo Garcia (D-Coachella), in partnership with California Insurance …
California Insurance Commissioner Ricardo Lara and emergency management leaders in Gov. Gavin Newsom’s Administration on Monday announced “Safer from Wildfires,” an insurance framework that incorporates wildfire safety measures while intending to make homes and businesses more resilient. “Safer from Wildfires” …
