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Property Casualty 360 – California insurance regulation reforms applauded as move in right direction

By Steve Hallo, PROPERTY CASUALTY 360 https://www.propertycasualty360.com/2023/09/28/california-insurance-regulation-reforms-draw-strong-industry-support/?slreturn=20230828151831 While California’s property insurance reform proposals are yet to be ironed out, the industry is striking an overall optimistic note on the suite of changes being offered up by the state’s insurance regulator, industry sources...

KPCC-FM (Radio) – Los Angeles, CA: California’s Insurance Crisis; What You Need To Know

By Staff Reporters, KPCC – Los Angeles, CA Click below to listen to the audio of this radio broadcast segment.

Politico – Careful about making wildfire smoke a climate villain

By Camille Von Kaenel and Blanca Begert, POLITICO  https://www.politico.com/newsletters/california-climate/2023/09/27/careful-about-making-wildfire-smoke-a-climate-villain-00118583 SMOKE, MEET FIRE — Wildfire smoke is quickly becoming a climate punching bag. That might be a problem for the climate. Democratic Gov. Gavin Newsom invoked the smoke in his lawsuit against oil majors earlier...

North Bay Business Journal – What to know about California’s plan to fix its insurance crisis

By Gary Quackenbush, NORTH BAY BUSINESS JOURNAL https://www.northbaybusinessjournal.com/article/industrynews/what-to-know-about-californias-plan-to-fix-its-insurance-crisis/ Gov. Gavin Newsom’s announcement last week of a major home insurance overhaul is being met with skepticism in some corners over fears the deal will cause rates to rise for the average...

KNX-AM (Radio) – Los Angeles, CA: Gasoline Supplies in California Are Being Kept Artificially Low

By Staff Reporters, KNX – Los Angeles, CA Click below to listen to the audio of this radio broadcast segment.

Ventura County Star – Insurance blackmail wins again in California

By Tom Elias, VENTURA COUNTY STAR https://www.vcstar.com/story/opinion/2023/09/25/insurance-blackmail-wins-again-in-california/70961423007/ It would have taken a rare combination of courage and toughness to solve California’s three-month property insurance crisis fairly. Neither quality was displayed by either Gov. Gavin Newsom or Insurance Commissioner Ricardo Lara, and...

Ventura County Star – California Legislature whiffs on insurance crisis, punting to Newsom and Lara

By Dan Walters, VENTURA COUNTY STAR https://www.vcstar.com/story/opinion/2023/09/25/california-legislature-whiffs-on-insurance-crisis/70932955007/ Before the California Legislature adjourned this month, it managed to fulfill most of wishes of majority Democrats' favorite interest groups, most notably labor unions. However, legislators left town without doing anything concrete about something...

The San Francisco Standard – California Just Announced a New Insurance Strategy. Here’s Why It’s Controversial

By Matthew Kupfer, THE SAN FRANCISCO STANDARD https://sfstandard.com/2023/09/25/california-just-announced-a-new-insurance-strategy-heres-why-its-controversial/ It happened like clockwork.  On Thursday, Gov. Gavin Newsom issued an executive order calling for swift action to expand insurance coverage options for consumers. Hours later, California Insurance Commissioner Ricardo Lara outlined what he...

The Real Deal – California announces changes to home insurance market to address wildfire coverage

Wildfires have prompted some insurance companies to cease writing new policies By TRD Staff, THE REAL DEAL https://therealdeal.com/sanfrancisco/2023/09/24/california-announces-changes-to-home-insurance-market-to-address-wildfire-coverage/ In a bid to bolster wildfire coverage in the face of increasing natural disasters, California is set to revamp its home insurance market...

SDMetro – Lara’s quid pro quo: To increase their premiums, insurance companies must write more policies in wildfire zones

By Douglas Page, SD METRO https://www.sandiegometro.com/2023/09/laras-quid-pro-quo-to-increase-their-premiums-insurance-companies-must-write-more-policies-in-wildfire-zones/ While Insurance Commissioner Ricardo Lara says his plan – to make California a better market financially for major home insurance providers by December 2024 – there’s a chance, says one state government official, it...

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