California Insurance Commissioner Ricardo Lara

INSURANCE NON-RENEWALS CONTINUE EVEN AS COMMISSIONER RICARDO LARA INTRODUCES REGULATIONS FAVORED BY THE INDUSTRY

By Levi Sumagaysay, CalMatters
 
Photo: State Insurance Commissioner Ricardo Lara speaks during a press conference with Los Angeles labor leaders and advocates in Commerce on Sept. 26, 2022. Photo by Alisha Jucevic for CalMatters
 
March 26, 2024 (Sacramento) -- With more California homeowners just discovering their insurance policies are getting canceled —  and hundreds of thousands of others stuck with a pricey option of last resort — state Insurance Commissioner Ricardo Lara’s efforts to fix the home insurance market can’t come quickly enough.

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COMMISSIONER LARA SUBMITS FIRST-IN-NATION WILDFIRE SAFETY REGULATION TO DRIVE DOWN COST OF INSURANCE

Strong support in public meetings and written testimony for requiring insurance companies to provide discounts to consumers under new Safer from Wildfires framework 

East County News Service

September 9, 2022 (Sacramento) -- California Insurance Commissioner Ricardo Lara has submitted his insurance pricing regulation to the California Office of Administrative Law. If approved, it that would recognize and reward wildfire safety and mitigation efforts made by many homeowners and businesses. The regulation is the first in the nation requiring insurance companies to provide discounts to consumers under the Safer from Wildfires framework created by the California Department of Insurance in partnership with state emergency preparedness agencies.


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Support community news in the public interest! As nonprofit news, we rely on donations from the public to fund our reporting -- not special interests. Please donate to sustain East County Magazine's local reporting and/or wildfire alerts at https://www.eastcountymedia.org/donate to help us keep people safe and informed across our region.