Ricardo Lara – Page 5 – California Globe

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...

Insurance Commissioner Lara Extends Insurance Cancelation Moratorium in Wildfire Areas

November 9, 2020 6:10 pmNovember 9, 2020 3:10 pm

On Thursday, California Insurance Commissioner Ricardo Lara announced that, for the second year in a row, a one-year moratorium would be placed on insurers from canceling or not-renewing homeowners policies in wildfire-affected ZIP codes. Altogether, the announcement will affect 2.1...

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...

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...

Fire Policies Can No Longer Be Dropped By Insurance Companies In California

December 7, 2019 2:16 amDecember 6, 2019 8:00 pm

After years of rising numbers of wildfires and insurance claims against wildfires skyrocketing in California, the California Insurance Commission announced Thursday that homeowner policies will no longer be canceled in wildfire-affected areas. At an Oakland Hills news conference, California Insurance...

Public Sector Unions Buy Another ‘Republican’ Politician

September 11, 2019 2:07 amSeptember 11, 2019 10:22 am

As a force in state politics, California’s Republican party is, for all practical purposes, dead. Republicans hold only 11 of 40 seats in the State Senate, and just 18 of 80 seats in the State Assembly. Not one statewide office...

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...