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 …
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. …
