Browsing: Ricardo Lara

7 On Your Side investigates the travel record of California’s Insurance Commissioner Ricardo Lara, raising questions about his attendance at critical state insurance briefings.

California Insurance Commissioner Ricardo Lara addressed concerns about the state’s insurance market during a recent Assembly committee hearing, defending his trip to Bermuda for meetings with reinsurers.

Insurance Commissioner Ricardo Lara is quietly working to address California’s insurance challenges, including the fallout from wildfires and the impact of Proposition 103.

State Farm receives preliminary approval for a 22% home insurance rate increase, subject to conditions and public scrutiny, as California’s insurance market struggles with wildfire risks.

California Insurance Commissioner Ricardo Lara approved a plan to increase temporary fees for most California home and fire insurance customers.

California regulators approve a preliminary rate increase for State Farm, but with stipulations regarding customer non-renewals and financial transparency.

California Insurance Commissioner Ricardo Lara has approved State Farm’s request to increase home insurance premiums, contingent upon the company meeting certain conditions and winning approval at a public hearing.

California Insurance Commissioner Ricardo Lara has provisionally approved State Farm’s request for an emergency interim rate increase, subject to a public hearing where the company must justify the increase with supporting data.

State Farm’s decision to stop writing new policies in California highlights the escalating crisis in the state’s homeowners insurance market, fueled by wildfire risks and regulatory constraints. Insurance Commissioner Ricardo Lara and industry experts discuss the future.

A State Farm executive was terminated following the release of an undercover video where he discussed the company’s attempts to increase insurance rates in California and criticized residents of fire-affected areas.