News Story

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...