California Insurance Commissioner Ricardo Lara News

Report from California Watchdog Group Calls for Privacy Protections from Connected Cars

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 Commissioner OKs Higher Commercial Coverage Limits for FAIR Plan

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 Commissioner Wants to Require Insurers to Factor Wildfire Safety Steps into Pricing

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 …

California Lawmaker Introduces Bill to ‘Restore Ethics and Transparency’ at Department of Insurance

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 …

Heat Wave Early Warning, Ranking System Proposed in California

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 Commissioner, Emergency Agencies Issue ‘Safer From Wildfires’ Framework

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” …

Commercial Farm Coverage Now Available Through California FAIR Plan

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 Commissioner OKs FAIR Plan Coverage Options for Farms and Ag Businesses

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 …

New Insurance Laws for 2022 Sponsored by California Commissioner

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 …

Top 10 West Insurance Journal Stories of 2021

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 …