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Ricardo Lara (born November 5, 1974 [1]) is an American politician who is currently serving as the 8th Insurance Commissioner of California. Lara was elected during the 2018 election , defeating former California insurance commissioner Steve Poizner .
(Reuters) - California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member insurers to shore up the state-backed FAIR Plan after wildfires ...
But a policy announced last July by Insurance Commissioner Ricardo Lara, a Democrat, allows insurers to surcharge their policyholders directly to cover losses over $1 billion in an “extreme ...
California Insurance Commissioner Ricardo Lara recently issued a regulation, which goes into effect later this month, that allows reinsurance costs to be passed on to customers in their premiums ...
Lara also said that the insurance department finalized a change to the FAIR plan, first announced months ago, which increases the dollar amount that the plan is allowed to cover for commercial ...
In late 2023, California Insurance Commissioner Ricardo Lara announced the Sustainable Insurance Strategy, a multi-pronged approach to bring stability to the home insurance market and encourage ...
The rule will require home insurers to offer coverage in high-risk areas, something the state has never done, Insurance Commissioner Ricardo Lara's office said in a statement.
Insurance Commissioner Ricardo Lara on Friday rejected State Farm General's request for an emergency 22% home insurance rate hike due to the Los Angeles fires unless the insurer can provide more ...