Insurance Commissioner Ricardo Lara Archives

A Reminder for CA Corporate Boards of Directors of Requirement for Female and LGBTQ Directors

November 29, 2021 2:21 amDecember 1, 2021 3:05 am

Publicly-traded corporations with their principal executive offices in California are reminded of their legal obligations under two California statutes to have specified individuals on their boards of directors. SB 826, by Sen Hannah Beth Jackson (D-Santa Barbara), enacted in 2018,...

Underrepresented Communities Now Required on Corporate Boards Under AB 979

September 30, 2020 3:50 pmSeptember 30, 2020 5:53 pm

Assembly Bill 979, by Assemblyman Chris Holden (D-Pasadena) was enacted during the 2020 Legislative Session to ensure publicly-traded corporations have individuals on their boards of directors from underrepresented communities. AB 979 was signed into law by Governor Newsom on September...

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...

Nearly 350,000 California Residents Dropped by Insurers over Wildfire Risk

August 22, 2019 10:29 amAugust 22, 2019 10:22 pm

The number of California’s rural homeowners dropped by insurance companies is up to nearly 350,000 in just four years, the Fresno Bee reported this week. But what is not addressed is that without the ability to properly insure the home,...

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...

Is ‘Consumer Watchdog’ Just a Lapdog for Special Interests in Attacking Lara?

July 23, 2019 7:58 pmJuly 24, 2019 4:56 am

Maybe because it’s the dog days of summer when the Legislature is out of town, but the news coverage of Insurance Commissioner Ricardo Lara’s acceptance – and return – of campaign contributions from donors linked to insurance companies has gotten...

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...