Column: As Focus Turned To Coronavirus Crisis, Insurers Pushed For A Sneaky Rate Hike On Homeowners

By Michael Hiltzik, LOS ANGELES TIMES

June 19, 2020

https://www.latimes.com/business/story/2020-06-19/insurers-coronavirus-…

It’s fair to say that most Americans see the coronavirus pandemic as an enormous and fearsome burden.

Not the insurance industry. In California, the industry is using the crisis to bring about a sneaky change in insurance rules that could lead to massive increases in homeowner premiums.

Insurance Industry Pushes Legislation to Increase Homeowners Insurance Rates, Derail Public Protections Against Price Gouging, in Guise of Wildfire Response

Los Angeles, CA — While the rest of the state is sheltering at home, lobbyists for the insurance industry are busy promoting legislation, scheduled for a hearing tomorrow, that would allow them to boost insurance rates on homeowners and renters.

Californians in High Fire Risk Areas Facing Increased Rates and Non-Renewals

Watchdog Says Insurance Commissioner Lara Is Not Doing Everything In His Power To Help Homeowners Dealing With Wildfire Insurance

Advocates Call for Withdrawal of Insurance Commissioner Lara’s Bill to Give Insurers & Wall Street Blank Check From CA Taxpayers

Los Angeles, CA -- Consumer Watchdog said legislation sponsored by Insurance Commissioner Ricardo Lara and scheduled for a vote Wednesday would needlessly expose California taxpayers to the same kind of complex and risky financial instruments that led to the 2008 financial crisis.

The bill would allow the state to purchase insurance and other financial products with none of the usual state oversight, including insurance regulation by Commissioner Lara’s own Department of Insurance and procurement rules at the Department of General Services.