Access to affordable healthcare for all, ensuring greater diversity in the insurance industry, and finding more creative solutions to deal with climate change risk were the priorities laid out by California Insurance Commissioner Ricardo Lara on Thursday. Lara was discussing …
The California FAIR Plan Association (FAIR Plan) says it will appeal a ruling by the Los Angeles Superior Court the association believes will lead to unnecessary rate increases for all FAIR Plan policyholders and unnecessarily expand the role of the …
California Insurance Commissioner Ricardo Lara thanked Gov. Gavin Newsom on Wednesday for protecting the state’s consumers through the signing of 11 bills that Lara sponsored this legislative session. According to Lara, the new laws will expand access to insurance, prevent …
California Insurance Commissioner Ricardo Lara on Friday ordered the FAIR Plan to offer a homeowners policy, in addition to its current dwelling fire coverage, with more traditional homeowner features, such as coverage for water damage, theft, and loss of use. …
California Insurance Commissioner Ricardo Lara has issued notices to insurers alerting them to cease non-renewals and cancellations of insurance coverage for communities with wildfire emergencies. Lara’s notices cover homeowners and renters insurance policyholders living near major wildfires included in emergency …
California Insurance Commissioner Ricardo Lara on Thursday issued a mandatory one-year moratorium on insurance companies from non-renewing or cancelling residential property insurance policies. The action is intended to aid more than 25,000 policyholders who have been affected by the Lava …
The California Climate Insurance Working Group has released 40 state and local policy recommendations focused on reducing damage and improving recovery following a wildfire, extreme heat wave, or flood. The report “Protecting Communities, Preserving Nature, and Building Resiliency; How First-of-Its-Kind …
California Insurance Commissioner Ricardo Lara lowered the workers’ compensation insurance benchmark rate by 5 cents to $1.41 per $100 of payroll effective Sept. 1. Lara’s decision results in an average advisory pure premium rate that is below the $1.50 average …
A Superior Court judge has upheld the California Insurance Commissioner’s authority to order the California FAIR Plan to offer broader coverage options to consumers. Los Angeles Superior Court Judge Mary Strobel has upheld California Insurance Commissioner Ricardo Lara’s authority to …
Most California insurance companies continued to charge pre-pandemic auto insurance rates despite a vast majority of Californians driving far less last year, according to an analysis by Consumer Watchdog on Tuesday. The report shows auto insurers reaped “a windfall of …
