California regulators Wednesday disclosed which areas of the state insurers will have to cover if they want to take advantage of financial incentives intended to resolve the homeowners’ insurance crisis.
Tag: Commissioner Lara
Commissioner Foresees Legal Challenge to California Property Cover Changes
California history is littered with too-fast remedies that haven’t stood the test of time, Insurance Commissioner Ricardo Lara told legislators questioning why his department can’t move more quickly to solve a property insurance marketplace crisis.
CA Commissioner to Unveil Changes to California Home, Auto Insurance Rate Process
Insurance Commissioner Ricardo Lara told state lawmakers on Wednesday that his office would soon begin unveiling the first in a series of highly-anticipated rule changes that could affect the price and availability of home and auto insurance in California.
California Threatens Penalties Over Insurers’ Stalling Tactics Against Auto Insurance Buyers
California’s insurance commissioner is warning of a possible crackdown against insurers that fail to offer and sell auto insurance to the state’s good drivers.
CA Commissioner Lara Gives Progress Report on Sustainable Insurance Strategy
Insurance Commissioner Ricardo Lara told California Assembly members at a legislative oversight hearing that “California is at an insurance crossroads and for many Californians this is an insurance emergency.”
California Leaders Announce Major Home Insurance Reform in Light of Wildfires, Floods
Gov. Gavin Newsom and California’s Insurance Commissioner said they are overhauling the regulation of the state’s home insurance market that’s changed drastically because of disasters caused by climate change, which will likely make the insurance more available but also more expensive.
Insurance Agents to CA Commissioner Lara: Lift Auto Rate Moratorium
Every day, insurance agents work directly with California consumers, many of whom are struggling financially. They are uniquely placed to discuss the current state of the industry as well as the impact of Insurance Commissioner Lara’s decisions on California consumers. Consumers are now complaining to agents, and they are forcing them to act. Commissioner Lara’s… Continue reading Insurance Agents to CA Commissioner Lara: Lift Auto Rate Moratorium