https://www.youtube.com/watch?v=v0oXJK5y8Ok Harvey Rosenfield says insurance companies are permitted for the first time in California to use computer models that are black box models that cannot be assessed by the public. If this proposal goes into effect, people's rates will...

By Megan Fan Munce, SAN FRANCISCO CHRONICLE https://www.sfchronicle.com/california/article/allstate-home-insurance-19419045.php One of California’s largest home insurers says it plans to resume writing new policies — as soon as the state implements regulations insurers have been asking for.  Allstate stopped writing new homeowner policies in November 2022 due...

By Laurence Darmiento, LOS ANGELES TIMES https://www.latimes.com/business/story/2024-04-24/consumer-advocates-insurance-industry-clash-at-homeowners-insurance-crisis-hearing The fault lines running through California’s spiraling homeowners insurance crisis were on display Tuesday at a state hearing, where consumer advocates clashed with industry firms over a plan to allow insurers to use...

By Terry Gangcuangco, INSURANCE BUSINESS https://www.insurancebusinessmag.com/us/news/catastrophe/consumer-watchdog-on-what-will-not-solve-californias-insurance-crisis-486434.aspx Consumer Watchdog has expressed strong opposition against Insurance Commissioner Ricardo Lara’s proposed changes in California. In the consumer advocate’s view, letting insurers use private black-box models and artificial intelligence in predicting the risk of catastrophic wildfires will...

By Staff Reporters, KPBS-FM – San Diego, CA  Click below to listen to the audio of this radio broadcast segment.

By Stephen Hobbs, SACRAMENTO BEE https://www.sacbee.com/news/politics-government/capitol-alert/article286759155.html In 2022, state Insurance Commissioner Ricardo Lara announced he would force companies to offer discounts to people who take specific steps to protect their homes from wildfires. It was part of an effort, he...

Group urges the insurance commissioner to hold companies accountable By Kenneth Araullo, INSURANCE BUSINESS https://www.insurancebusinessmag.com/us/news/environmental/watchdog-reiterates-call-for-fossil-fuel-disclosure-from-insurers-484613.aspx Consumer Watchdog has called for Insurance Commissioner Ricardo Lara to enforce transparency from insurance companies regarding their insurance of fossil fuel projects, aligning with the broader climate...

https://www.youtube.com/watch?v=H80Vy9FObt8 Last month, State Farm Insurance announced it would be dropping thousands of California policies beginning this summer, nearly a year after announcing it would no longer accept homeowner insurance applications in the Golden State.

By Ruben Vives, LA TIMES https://www.latimes.com/california/story/2024-04-10/westside-l-a-hit-hard-as-state-farm-cancels-home-insurance Thousands of Californians who won’t see their home insurance renewed by State Farm this summer are homeowners in Los Angeles County, with some upscale Westside neighborhoods hit hard, according to the insurer’s recent filings...

By BLANCA BEGERT and CAMILLE VON KAENEL, POLITICO  https://www.politico.com/newsletters/california-climate/2024/04/09/laras-forced-marriage-with-insurers-00151420 HOME FIRES BURNING: In Sacramento, Ricardo Lara is the state’s insurance commissioner who hasn’t yet stopped an exodus of property insurers fleeing increased costs fueled by climate change. But at the Hotel Indigo in downtown Los Angeles where...

By Staff Reporters, KCBS-AM – San Francisco, CA  Click below to listen to the audio of this radio broadcast segment.

By JP Crumrine, INSURANCE NEWSNET https://insurancenewsnet.com/oarticle/state-farm-continues-withdrawal-from-state Despite efforts by the state's Department of Insurance (DOI) to revise the rate making policies in California, on March 20, State Farm announced it would not be renewing more than 70,000 commercial, residential and...

By Mike Pangilinan, INSURANCE BUSINESS https://www.insurancebusinessmag.com/us/news/property/consumer-watchdog-wants-mandatory-coverage-for-wildfiresafe-homes-483241.aspx A consumer advocacy group in California is pushing for reforms that would require insurance companies to provide coverage to homeowners who have taken steps to mitigate wildfire risks to their properties. In comments made before...

By Stephen Hobbs, SACRAMENTO BEE https://www.sacbee.com/article287155520.html Former insurance commissioner Dave Jones has a sobering view on the future of homeowner coverage in California: He believes the state is “marching steadily towards an uninsurable future.” That’s because world leaders aren’t acting...

By Anthony De Leon, LOS ANGELES TIMES https://www.latimes.com/california/newsletter/2024-03-29/california-offers-catastrophe-plan-to-draw-insurers-back-to-the-state-but-at-what-cost-essential-california California intends to attract insurers back with flexible policies The homeowners insurance crisis in California worsened last week when State Farm General Insurance announced that it wouldn’t renew 72,000 property owner policiesstatewide. Those policies...