California Insurance Commissioner Ricardo Lara News

Climate Activists Petition for Carriers in California to Reveal Fossil Fuel Insureds

More than 60 environmental, consumer and social justice organizations on Thursday delivered a petition to California Insurance Commissioner Ricardo Lara seeking what is believed would be the first regulations in the nation requiring insurance companies to disclose the fossil fuel …

Climate Activists to Pressure U.S. Insurers Underwriting Fossil Fuel Industry

Expect calls for the insurance industry to stop investing in or insuring the fossil fuel industry and fossil fuel projects to grow louder in California and throughout the U.S. A new petition by several climate change and consumer activist groups …

California Weighs Buying Disaster Insurance Policy to Cover Wildfire Costs

California’s insurance commissioner and a lawmaker want to the state to consider buying insurance in the private market to cover rapidly increasing costs of fighting wildfires due to climate change. State Sen. Bill Dodd, D-Napa and California Insurance Commissioner Ricardo …

Insured Losses from Last Year’s California Wildfires up to $11.4B

California Insurance Commissioner Ricardo Lara on Monday announced that more than $11.4 billion in insured losses have been reported from the November 2018 fires. That is a 25 percent increase, or more than $2.3 billion, from losses the California Department …

New California Commissioner to Confront Climate-Fueled Fires, Expand Healthcare

As Ricardo Lara took office as California Insurance Commissioner at a ceremony in Sacramento on Monday, he pledged to help residents recover from wildfires while defeating the threat of climate change. Lara, the eighth elected California insurance commissioner since voters …