California Department of Insurance – Page 3

Bill To Expand Last Resort Insurance Coverage To Farms Passes Senate Unanimously

July 9, 2021 12:36 pm

A bill that would allow farms in California to be covered by last resort insurance to protect them from natural disasters such as wildfires passed the Senate unanimously on Thursday, sending the bill directly to Governor Newsom’s desk. Senate Bill...

Dept. of Insurance Announces New Agreement With State Agencies Over Fireproofing Homes

February 9, 2021 2:27 amFebruary 11, 2021 9:36 am

California Insurance Commissioner Ricardo Lara announced Monday the creation of new incentives for homeowners of older homes to make them more fireproof. The new “home hardening” incentive came as part of an announcement on Tuesday to establish a new partnership...

California Orders Insurance Companies to Issue Refunds Over Coronavirus Concerns

April 13, 2020 4:11 pmApril 13, 2020 8:15 pm

On Monday, California Insurance Commissioner Ricardo Lara ordered all insurance companies operating in California to give either refunds or future credit on premiums paid during March and April due to a sharp decline of risk because of the effects of...

Why Is Ricardo Lara Quiet on Hundreds of Thousands of Homeowners Insurance Cancellations?

September 6, 2019 8:28 amSeptember 6, 2019 6:29 pm

The number of California’s rural homeowners dropped by insurance companies is up to 350,000 in just four years, California Globe recently reported, but that was just through 2018. Since then, homeowners in Riverside and San Bernardino counties have experienced “a...

California Insurance Commish Toadies For Industry Again

August 2, 2019 2:19 amAugust 2, 2019 6:06 pm

California Insurance Commissioner Ricardo Lara is under fire for his secretive speech to a convention of industry executives where he expressed support for revamping consumer protection laws in their favor. The speech in San Francisco to the Western Regional General...

Insurance Commish Ricardo Lara Took Money Before Favorable Actions in Applied Underwriters’ Cases

July 17, 2019 11:06 amJuly 18, 2019 7:30 am

Last week we learned that soon after being elected to State Insurance Commissioner, Ricardo Lara, a former Democrat State Senator and Assemblyman, organized a reelection committee that began accepting tens of thousands of dollars in political contributions from people with...