The Latest Breaking News from Ricardo Lara

First time two Democrats appear in the general election for California commissioner of insurance

Ben Allen (D) and Jane Kim (D) are running in the general election for California commissioner of insurance on Nov. 3. They defeated nine other candidates to advance from the top-two primary on June 2. Kim received 26.8% of the vote and Allen 19.6%. Incumbent Ricardo Lara (D) is term-limited.…

Ballotpedia · Sep 10

Whose bill is it when the fire spares the house but poisons the air? California just made that call

California wildfire survivors gain new protections with the Smoke Damage Recovery Act. This legislation establishes the nation's first science-based framework for smoke damage assessment. Insurers will now cover testing and restoration costs for affected homes. The bill also extends additional living expense coverage for displaced families. This new law aims…

The Economic Times · Sep 7

California seeks millions of dollars from State Farm for handling of claims after 2025 LA wildfires

California’s top insurance regulator says the state is seeking millions of dollars in penalties from State Farm after an investigation found the insurance company violated state law while handling claims from the 2025 Los Angeles-area wildfires

The Independent UK · May 4

California insurance regulator launches investigation into State Farm over claims from LA fires

California's top insurance regulator is launching a probe into State Farm over its handling of claims from Los Angeles-area wildfires that broke out in January

The Independent UK · Jun 12, 2025

State Farm pursues additional 11% rate increase in California after emergency rate hike approval

Condo owners and renters may see larger jump as insurance firm pursues overall 30% rate increase for policies in state

The Guardian - US · May 21, 2025

California approves State Farm’s request for 17% premium increase for homeowners

Insurance provider says rate hikes are necessary to help the company avoid a ‘dire’ financial crisis

The Guardian - US · May 14, 2025

California approves State Farm's request for 17% premium increase for homeowners

State Farm can soon start raising premiums by 17% for its California home insurance customers

The Independent UK · May 13, 2025

California consumer group sues to block insurers from adding surcharge following LA fires

A consumer advocacy group has filed a lawsuit to block insurers from charging California customers for $500 million in costs associated with the January Los Angeles wildfires

The Independent UK · Apr 15, 2025

California regulator mulls State Farm's request for 22% premium hike for homeowners after LA fires

California's top insurance regulator says he will approve an emergency request from State Farm to raise home insurance rates for roughly a million customers if the company can justify the hike at a public hearing

The Independent UK · Mar 14, 2025

Tinder Date Gone Wrong: State Farm Exec Fired After Saying Premium Hikes Following California Fires Were 'Kind Of' Orchestrated

State Farm General had filed for an 22% rate hike for its homeowner policies, citing the wildfires and a £3.86 billion drop in its surplus account in the past decade.

International Business Times UK · Mar 14, 2025