Insurance Commissioner Ricardo Lara News

Insurance Dept: Required Premium Relief Has Saved California Drivers $1.2B

California automobile insurance companies have agreed to provide $1.21 billion in savings to drivers, the state insurance department says. Insurance Commissioner Ricardo Lara in May issued an order requiring insurers to provide premium relief to policyholders affected by the COVID-19 …

California Commissioner Sorry for Accepting Insurance Industry Contributions

Insurance Commissioner Ricardo Lara has offered an apology for accepting campaign contributions from the insurance industry. Lara in a letter that was reportedly sent on Tuesday acknowledged that his campaign solicited contributions from the insurance industry, despite a campaign pledge …

California Regulators Seek to Curb Misinformation About Earthquake Insurance

The recent earthquakes that pummeled neighborhoods in Ridgecrest and Trona in Southern California have led to reports that some insurers and agents may be declining to write earthquake policies in various areas of the state, according to the California Department …