If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't sign anything right away. Here's what you need to know.
"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.
Today: a conversation with California Insurance Commissioner Ricardo Lara about gaps in insurance and what the road to recovery might look like.
The yearlong ban that California’s insurance authority rushed to impose on cancellations in parts of Los Angeles hardest hit by wildfires was likely the last thing insurance companies wanted in the face of anticipated record-breaking claims.
Los Angeles Dist. Atty. Nathan Hochman and Insurance Commissioner Ricardo Lara announced a "rapid response effort" to prevent insurance fraud after the devastating fires.
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.
Ricardo Lara stood up for wildfire victims by placing a 1-year ban on insurance companies canceling or not renewing policies for homeowners.
As the Palisades and Eaton fires wreak havoc on Los Angeles, the state insurance commissioner is taking action to protect home insurance policy owners
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.