Commissioner Ricardo Lara had asked for the meeting in which he and Consumer Watchdog will sit down with State Farm reps in Oakland.
The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance regulator, Ricardo Lara — have done enough to protect homeowners.
LOS ANGELES, CA, UNITED STATES, February 25, 2025 /EINPresswire / -- The National Association of Public Insurance Adjusters (NAPIA) is proud
President Trump and Secretary Burgum should take over the disaster areas, help victims rebuild, and stiff the grifters and the state and local governments.
State Farm responded by saying that it “must seriously consider its options within the California insurance market going forward.”
California Insurance Commissioner Ricardo Lara rejected State Farm’s “emergency” premium increase of 22% on average for California homeowners.
State Insurance Commish Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an average 22%.
California Insurance Commissioner Ricardo Lara approved a plan to increase temporary fees for most California home and fire insurance customers to bail out the Golden State's last-resort fire insurance provider. The $1 billion in additional funding for the ...
Proposed legislation could force insurers in California to pay 100 percent of the coverage for belongings inside homes destroyed by wildfires without itemization.
California lawmakers have introduced new legislation aimed at stabilizing the state’s property insurance market. These bills propose expanding FAIR Plan coverage to manufactured homes, extending nonrenewal and cancellation moratoriums, and establishing a commission to study community hardening programs, according to a report from AM Best.
Insurance Commissioner Ricardo Lara has been grappling with the troubled market for his six years in office, and now his controversial plan to reform it will be put to the test after the costliest wildfires in the state’s history.
California Insurance Commissioner Ricardo Lara recently rejected State Farm’s request for “emergency” rate increases, setting up what could be a highly consequential showdown with the state’s biggest insurer — and going against the recommendation of his staff experts.