Statewide insurance costs may rise as California grapples with post-fire financial strain
As Southern California continues to recover from the fires last month growing concern for insurance claims rises.with ...
Nearly three years in, state closes probe of top insurance regulator due to insufficient evidence
Ricardo Lara was the subject of an FPPC complaint filed in 2022 by Consumer Watchdog, a Los Angeles advocacy group that has ...
California Wildfires Hit State Farm Hard. But the Insurer Was Already Struggling.
California’s insurance commissioner denied State Farm’s request for a 22% rate hike to cover fire losses. But when the fires broke out, the state’s biggest home insurer was already waiting on an ...
autobodynews1d
California Officials Warn of Tow Truck Scam Targeting Crash Victims
An organized ring in the Inland Empire is accused of towing vehicles to a body shop and demanding excessive fees for release.
Santa Monica Daily Press1d
Big homeowner rate hike from State Farm shot down by California regulator
California Insurance Commissioner Ricardo Lara recently rejected State Farm’s request for “emergency” rate increases, setting ...
insurancebusinessmag1d
State Farm mulling options after Lara rejects emergency rate hike request
In a Feb. 14 letter, Lara informed State Farm that the company had not met the burden of proof required for emergency ...
Walters: Los Angeles wildfires intensify political jousting over home insurance premiums
The horrendously destructive and deadly Los Angeles wildfires erupted in January just as Insurance Commissioner Ricardo ...
LA wildfires intensify political jousting over home insurance premiums
The insurance commissioner must, of course, protect the interests of consumers, but one of those interests is a healthy ...
Mark Gongloff: California insurer of last resort went bust. It won’t be alone.
The inevitable result of a fracturing private insurance market will be the socialization of disaster losses, as seen in ...
Opinion
Santa Cruz Sentinel2dOpinion
Editorial | Revisiting Moss Landing battery fires and homeowner insurance rate hikes
The bigger issue continues to be just where battery plants can be located and how to make them safe,” writes the. “Large battery storage plants are being planned ...