Insure Our Future Campaign Calls on Insurance Companies to Cut Ties with Fossil Fuels in the Wake of Climate-Related Rate Hikes and Policy Cancellations
Los Angeles, CA -- As the 2019 wildfire season begins, many homeowners in at-risk areas have once again seen their insurance rates go up, or their insurance policies dropped altogether
Consumer Watchdog Identifies Three Homeowner Insurance Rules Insurance Commissioner Ricardo Lara Can Issue Immediately
Los Angeles, CA– In a letter sent today, Consumer Watchdog called on Insurance Commissioner Ricardo Lara to use the full authority of his office to preserve Californians’ access to home insurance.
Vote Cancelled on Commissioner Lara’s “Creative” Wildfire Insurance Bill
Sacramento, CA – A wildfire insurance bill sponsored by Insurance Commissioner Ricardo Lara stalled in the state Assembly today in the face of objections raised by the Department of Finance and Consumer Watchdog that the bill would expose taxpayers to unnecessary financial risks.
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.
Consumer Watchdog: Victims, Taxpayers and Ratepayers Shouldn’t Be Forced To Pay For Felon’s Negligence Under PG&E Bailout Plan
Los Angeles, CA -- Consumer Watchdog said today that a California wildfire victims’ relief fund could be important, but that the proposal put forth today by Governor Newsom, in legislative hands, threatens to take rights and dollars from wildfire victims, ratepayers and taxpayers without forcing PG&E to make tangible concessions.
Maui Utilities’ Junket While Paradise Burned Should Spark New Rules For Real-time Disclosure of Lawmaker Trips
Los Angeles, CA -- In a letter to California’s legislative leaders, Consumer Watchdog today wrote that the shocking details of a utility junket in Maui with 12 state lawmakers while wildfires destroyed the state should compel new immediate online disclosures about such trips.
