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The Latest Breaking News from Ricardo Lara

California Won't Let Homeowners Insurance Companies Raise Rates, so They're Leaving the State Instead

Giving the state control over insurance rates turned pricing into a Byzantine regulatory process.

Reason

How are people supposed to rebuild Paradise, California, when nobody can afford home insurance?

Efforts to rebuild a California town nearly wiped out by wildfire five years ago are being stymied by high home insurance costs

The Independent UK

Things to know about California's new proposed rules for insurance companies

California's insurance commissioner says he will write new rules for insurers in the nation's most populous state

The Independent UK

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Car insurance premiums based on job, education can ding low-wage workers

New Jersey resident Anna “Cuqui” Rivera, a high school graduate who works as a labor and civil rights activist and moonlights as a DJ, was paying almost $3,000 annually for auto insurance with one of the big companies. Now, she pays almost $2,000 less for coverage on her 2016 Jeep.

Tribune News Service

California lets Allstate hike rates — but insurer still won’t write new home policies

Allstate has received California’s blessing to raise homeowner insurance premiums 4%, but the state’s fifth largest home insurer said it has no plans to reverse its decision last fall to stop writing new policies.

Tribune News Service

California insurance market rattled by withdrawal of major companies

Two insurance industry giants have stepped back from the California marketplace

The Independent UK

Junipero Serra statues have come down in California. Why does the state still have one in the US Capitol?

WASHINGTON — Kevin McCarthy chose his favorite spot in the United States Capitol for his first news conference as speaker of the House: in front of a tile marking where Abraham Lincoln sat.

McClatchy Washington Bureau

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Fire-stricken rural New Mexico warily eyes insurance fight

Manuel and Marcy Silva combed through the charred rubble that used to be their home, searching for any salvageable bits in the wake of the largest wildfire in New Mexico history

The Independent UK

California to mandate insurance discounts for wildfire mitigation efforts

LOS ANGELES — California will become the first state in the nation to require insurance premium discounts for owners of homes and businesses that are made safer from wildfires.

Los Angeles Times

Novice Republican or Democrat embroiled in controversy? California voters to pick next insurance commissioner

SACRAMENTO, Calif. — California voters will decide this November who will lead a state agency that wields significant power over home, auto and other insurance policies, selecting between an incumbent Democrat embroiled in controversy and his novice Republican challenger.

Los Angeles Times

Despite scandals, key California politicians glide toward reelection. Here's why

SACRAMENTO, Calif. — A California insurance commissioner who billed taxpayers for long-distance living expenses and broke a vow not to accept campaign donations from members of the industry he was elected to regulate.

Los Angeles Times

Insurers say California's inaction threatens auto policies

Top U.S. insurance companies and associations say California is risking a crisis in the nation’s largest automobile insurance market by refusing to approve rate increases since the start of the coronavirus pandemic

The Independent UK

California to again protect insurance policies in fire areas

California has temporarily banned insurance companies from dropping customers in areas affected by recent wildfires, a day after evacuation orders were lifted for residents near a two-week-old blaze

The Independent UK

George Skelton: Voters paid attention to party affiliation, not positions, in California's statewide primaries

SACRAMENTO, Calif. — When running for partisan political office, what usually counts most are simple things campaigns often can't control — especially in a low-profile statewide race.

Los Angeles Times

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Los Angeles Times

California Attorney General Rob Bonta heads to November, while other statewide races remain close

LOS ANGELES — California's closely watched primary race for attorney general faded into a standard partisan contest Tuesday, giving the Democratic incumbent Attorney General Rob Bonta an easy victory for the top spot on the Nov. 8 ballot to likely face one of two Republicans instead of a high-profile independent…

Los Angeles Times

How much of your insurance premiums are being invested in fossil fuels?

LOS ANGELES — A new report from California's insurance commissioner shows how much insurance companies are investing in fossil fuels in a continual effort to address the insurance industry's role in combating climate change.

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