The Los Angeles County fires have cast uncertainty over when the insurance crisis buffeting the entire state will ease, California Insurance Commissioner Ricardo Lara told the Chronicle during an interview Saturday in Santa Monica,
If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't sign anything right away.
Los Angeles Dist. Atty. Nathan Hochman and Insurance Commissioner Ricardo Lara announced a "rapid response effort" to prevent insurance fraud after the devastating fires.
California Insurance Commissioner Ricardo Lara will host a pair of insurance workshops in Santa Monica and Pasadena over the following weeks to aid people in Los Angeles County in the rebuilding process.
Workshops on Jan. 18 and Jan. 25 in Pasadena and Santa Monica will help homeowners understand their insurance policies.
"Get off your butt and do your job," says former California Insurance Commissioner, Rep. John Garamendi to current Commissioner Ricardo Lara as wildfire damage calls into question the stability of the state's insurance market.
Insurance Commissioner Ricardo Lara expanded emergency insurance protections for Southern California homeowners, adding new ZIP Codes to those
Lynne Levin-Guzman stood in the front yard of her 90-year-old parents’ home in Los Angeles County ... State Insurance Commissioner Ricardo Lara and consumer groups say. Insurers in California have been refusing to write new policies in areas they ...
But one analyst told The New York Times that insurance companies could see a drain on their reserves from this week’s wildfires. Another analyst said the number of homes in Palisades Fire ZIP codes that are enrolled in the state’s insurer of last resort, the FAIR Plan, nearly doubled last year from 2023.
Southern California is bracing for an "unprecedented" third Particularly Dangerous Situation warning in a month, as extreme Santa Ana winds increase fire danger.
California Insurance Commissioner Ricardo Lara said new regulations will keep homeowners insured. Some of the new efforts give insurance companies more leeway in raising rates, while allowing them to use computer modeling to forecast risk and to incorporate their own “reinsurance” costs from backup providers in setting future premiums.
State Farm, California's largest home insurer, said Thursday it will offer renewals to all of its 250,000 L.A. County residential policyholders slated to have been dropped, not just those in fire rava