The California FAIR Plan on Tuesday began offering basic property insurance for farmers unable to obtain coverage from traditional insurance carriers. The new coverage fills a gap in California’s insurance marketplace as more farmers experienced policy nonrenewals due to increasing …
California Insurance Commissioner Ricardo Lara on Friday approved the FAIR Plan to offer new commercial coverage for farm structure risks starting Feb. 1. The FAIR Plan is an association made up of all admitted insurance companies to be the state’s …
California Insurance Commissioner Ricardo Lara and the California Department of Insurance released a list of laws taking effect this year that were sponsored by Lara. New California laws related to insurance include the creation of new health coverage options for …
Wildfires dominated headlines once again in Insurance Journal’s West region. Stories on wildfires in California, as well as efforts to aid homeowners affected by the fallout of several years of severe drought and massive wildfires, were among the most read …
California Insurance Commissioner Ricardo Lara on Friday ordered the FAIR Plan to implement his mandated increases to its decades-old commercial property coverage limits offered to businesses. “My order is part of an ongoing commitment to helping businesses in California thrive …
California Insurance Commissioner Ricardo Lara is sponsoring legislation to establish a ranking system for heat waves, the California Department of Insurance announced on Friday as the international climate conference wraps up in Scotland. The legislation is jointly authored by Assembly …
California, which has seen its eight largest recorded wildfires since 2017, is in a “heightened state of alert,” according to a new report that calls for urgent policy actions. The report was released on Wednesday and also discussed in a …
California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve 209,881 residential property insurance policies held by wildfire survivors included in an earlier emergency declaration, bringing the total statewide to 618,700 policyholders across 31 counties who were granted temporary protection …
California Insurance Commissioner Ricardo Lara cannot force insurers to repay consumers when they charge excessive rates, the California Court of Appeal in San Diego has ruled. The court held that State Farm will not have to pay more than $100 …
California Insurance Commissioner Ricardo Lara announced several new appointments. The appointments include three new members to the California Department of Insurance Curriculum Board, one member to the California Insurance Guarantee Association Board of Governors, and five members to the Insurance …
