Proposition 103 – Page 2 – California Globe

The Time for Action on Insurance Crisis is Now

June 4, 2024 3:15 amJune 4, 2024 1:21 pm

Californians need bold and immediate action from the Governor Gavin Newsom and Insurance Commissioner Ricardo Lara to help attract insurers back to the state, create a robust market, and give consumers more options for fire insurance coverage. Proposition 103, passed...

More Layoffs Coming in California’s Insurance Industry Without Reform

September 12, 2023 2:54 pmSeptember 12, 2023 2:54 pm

San Francisco might not be the only California colossus in a so-called “doom loop.” The property and casualty insurance market is experiencing a crisis of its own, and the consequences are dire for the entire state economy. Here’s one recent...

Homeowner Insurance Rate Hike Bill Passes Assembly

June 12, 2020 2:15 amJune 11, 2020 3:58 pm

On Monday, the state Assembly passed Assembly Bill 2167 , which would allow for a faster rate of increased insurance premiums, by a largely bipartisan margin 61 to 3. A bill born out of wildfires AB 2167, written by Assemblymen...

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...