October 19, 2020
California’s insurance commissioner on Monday pledged to step up efforts to protect the state’s residents from wildfires and address a pullback of private insurers from the state’s riskiest areas. Insurance Commissioner Ricardo Lara convened a “virtual investigatory hearing” on Monday …
October 16, 2020
Insurance Commissioner Ricardo Lara will convene a “virtual investigatory hearing” on Monday to initiate a series of regulatory actions that will protect residents from the increasing risk of wildfires. Several years of destructive wildfires have made insurance expensive and difficult …
October 8, 2020
California Insurance Commissioner Ricardo Lara has added new members to the California Department of Insurance’s Curriculum Board, the California Life and Health Insurance Guarantee Association’s Board of Directors, and the California Workers’ Compensation Insurance Rating Bureau’s Governing Committee. Rene Swan …
October 2, 2020
California Insurance Commissioner Ricardo Lara is asking insurance companies help wildfire survivors by providing up to 100% of personal property coverage limits without a detailed inventory to those who suffered a total loss of their home, similar to previous identical …
September 16, 2020
California Insurance Commissioner Ricardo Lara said today that he will convene an investigatory hearing in October in advance of initiating a series of regulatory actions that will protect residents from the increasing risk of wildfires. His announcement comes as devastating …
September 3, 2020
California Insurance Commissioner Ricardo Lara issued a notice to all California property/casualty insurance companies urging them to cover additional living expenses for policyholders who remain under mandatory evacuation or whose homes are otherwise inaccessible or uninhabitable due to the wildfires. …
August 7, 2020
California Insurance Commissioner Ricardo Lara this week announced a settlement agreement with AbbVie Inc. to resolve a lawsuit alleging violations of the California Insurance Frauds Prevention Act involving the marketing of blockbuster prescription drug HUMIRA. AbbVie agreed to reform its …
July 14, 2020
California Insurance Commissioner Ricardo Lara on Tuesday formally launched the Climate Smart Insurance Products Database, what is being touted as “the first-ever consumer-oriented list of green insurance policies.” The California Department of Insurance has developed the database to help the …
July 1, 2020
California Insurance Commissioner Ricardo Lara on Wednesday announced the launched an “Invest in Our Diverse Communities” initiative to identify diverse woman-, veteran-, LGBTQ, Latinx, Asian Pacific Islander, Black, and Native American-owned investment managers who can guide investments made by insurers …
June 18, 2020
California Insurance Commissioner Ricardo Lara announced the newest members of the California Department of Insurance’s Curriculum Board and the California Insurance Guarantee Association’s Board of Governors. The Curriculum Board oversees the development of pre-licensing and continuing education curriculum for agents …