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: Ricardo Lara
California Insurance Commissioner Says He Can’t Take Action Against State Farm
California Insurance Commissioner Ricardo Lara does not plan on taking any action against State Farm after the insurance giant announced it was no longer accepting applications for new home insurance policies last month.
Insurance Commissioner to Enforce Pricing Regulation to Reward Homeowners for Wildfire Safety Measures
California Insurance Commissioner Ricardo Lara will enforce the new insurance pricing regulation he drafted, which recognizes and rewards homeowners and businesses for their efforts in wildfire safety and mitigation. Under the Safer from Wildfires framework developed by the California Department of Insurance in collaboration with state emergency preparedness agencies, Commissioner Lara’s regulation is the first… Continue reading Insurance Commissioner to Enforce Pricing Regulation to Reward Homeowners for Wildfire Safety Measures