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California's insurance commissioner on Friday turned down a request by State Farm General for an emergency 22% hike of its home insurance rates due to the Los Angeles wildfires, saying the company ...
Residents can visit the Department of Insurance website at insurance.ca.gov to see if their ZIP codes are included in the moratorium. They can also contact the department at (800) 927-4357 or via ...
A California oversight agency held its second hearing on the state’s homeowner insurance issues Thursday. Like the first meeting, there was a conspicuous person absent: Insurance Commissioner ...
The California insurance commissioner has been an elected executive office position in California since 1991. Prior to that time, the insurance commissioner was appointed by the governor. The officeholder is in charge of the California Department of Insurance. The current insurance commissioner is Democrat Ricardo Lara.
In August 2019, Mercury paid a $27.6 million fine to the California Department of Insurance for findings that it had violated Proposition 103. It was the largest fine against a property and ...
Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.
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.
Forcing insurers to renew policies has been California officials' go-to policy for the past several years. In 2018, the California Legislature passed S.B. 824.Written by Lara (then a state senator ...