Insurance Commissioner Ricardo Lara released his catastrophe modeling regulation that will help restore options for all Californians, the latest phase of his Sustainable Insurance Strategy to safeguard the integrity of the state’s insurance market.
Tag: California insurance market
Another Insurer Leaves California
Farmers Direct Property and Casualty Insurance Co. stopped issuing new policies as of Sept. 15 in the state, Director of External Communication Luis Sahagun said in an email, citing “an ongoing initiative to increase operational efficiency and mitigate risk exposure.”
Car Insurance Companies Leaving California Market
Major auto insurers are withdrawing from the California market, claiming that our drivers are simply too expensive to insure.