Ricardo Lara
Homeowners Dropped by Insurers And Facing Massive Rate Hikes Speak Out; Consumer Watchdogs Say Lara Lied About Expanding Wildfire Coverage In Exchange For Higher Rates
Los Angeles, CA -- Homeowners who were dropped by their insurance company and confronted with massive rate hikes spoke out at an Assembly Insurance Committee oversight hearing of Insurance...
Bailout: Insurance Commissioner Would Force Homeowners to Pay for FAIR Plan Losses
Los Angeles, CA -- Insurance Commissioner Ricardo Lara today proposed a multi-billion dollar policyholder bailout of the insurance industry for its exposure to wildfire losses at the FAIR Plan. Commissioner Lara’s proposal...
Commissioner Lara Proposes Minimal Oversight, Secrecy of Black-Box Wildfire Insurance Models
Proposed Regulation Will Raise Rates but Will Not Stop Home Insurance Companies’ Market Boycott, Says Consumer Watchdog
Los Angeles, CA – Insurance Commissioner Ricardo Lara’s proposal to let insurance companies use...
Records Show Insurance Commissioner’s Deal with Industry to Expand Wildfire Coverage is a Sham
Los Angeles, CA – Documents obtained under the Public Records Act and Prop 103 reveal details of the secret proposal to bail out the insurance industry that Commissioner Lara and...
Consumer Watchdog Says Lara’s Undisclosed Deal Will Allow Insurance Companies to Use Algorithms And Reinsurance Costs to Hike Home Insurance Rates, Potentially Turning California...
Sacramento, CA --- Today’s announcement by Insurance Commissioner Ricardo Lara that he would allow insurance companies to use secret algorithms to set rates for homeowners’ coverage for wildfire and...
California Should Build A Public Model to Predict Wildfire Risk, Protect Homeowners from Insurance Price-Gouging, Consumer Watchdog Tells Insurance Commissioner
Secret Black Box Climate Models are Prohibited by Proposition 103
Los Angeles, CA – At a Department of Insurance hearing today, the non-profit organization Consumer Watchdog will propose that California build...
KABC-LA (ABC) – Los Angeles, CA: Allstate and State Farms Profits Are Four Times the National Average
Harvey Rosenfield says Insurance Commissioner Ricardo Lara needs to step in and enforce the law.
Insurance Commissioner Lara Must Use Prop 103 Authority to Reverse State Farm’s Pullback
Los Angeles, CA -- State Farm’s announcement on Friday that it would immediately stop selling homeowners insurance to new customers in California is unlawful under Proposition 103, and appears...
KNX-AM (Radio) – Los Angeles, CA; Top 6 Auto Insurance Providers Collectively Rasied Prices Over $1 Billion
By Craig Figner, KNX – Los Angeles, CA
Click below to listen to the audio of this radio broadcast segment.
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