Susan Rubio, a Democrat from Baldwin Park, will refill the vacancy that Senate leaders briefly left open for a few weeks following reports that she was part of an FBI investigation stemming from her time as a member of the Baldwin Park City Council.
Several insurance companies have stopped offering policies in California or are refusing to renew existing ones in an effort to reduce their financial risk, according to Fox 9 New
Some policyholders who suffered total losses in L.A. fires are not getting claims advances for their living expenses and loss of contents as required, Insurance Commissioner Ricardo Lara alleged Thursday.
"Get off your butt and do your job," says former California Insurance Commissioner, Rep. John Garamendi to current Commissioner Ricardo Lara as wildfire damage calls into question the stability of the state's insurance market.
The Los Angeles County fires have cast uncertainty over when the insurance crisis buffeting the entire state will ease, California Insurance Commissioner Ricardo Lara told the Chronicle during an interview Saturday in Santa Monica,
California Insurance Commissioner Ricardo Lara said new regulations will keep homeowners insured. Some of the new efforts give insurance companies more leeway in raising rates, while allowing them to use computer modeling to forecast risk and to incorporate their own “reinsurance” costs from backup providers in setting future premiums.
California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by homeowners statewide.
The California insurance commissioner expanded the emergency protections covered by his recent moratorium for Southern California residents affected by wildfires.
A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past.
Insurance Commissioner Ricardo Lara declared the fires in Los Angeles and Ventura counties an emergency situation on Monday to help speed recovery efforts, according to a press release from his
Over a year before Los Angeles’s uncontrollable wildfires burned through neighborhoods once considered safe, the office of California insurance commissioner Ricardo Lara quietly shared a potential regulatory plan with insurance company lobbyists.
California Insurance Commissioner Ricardo Lara discusses the complex insurance system as homeowners look to rebuild after LA's fires.