The North Bay Business Journal5h
California to consider State Farm emergency rate increase request
Commissioner Ricardo Lara had asked for the meeting in which he and Consumer Watchdog will sit down with State Farm reps in Oakland.
State Farm says it will pay $7.6 billion for L.A. fires but reinsurance will slash losses
State Farm General, California's largest home insurer, estimates it will pay $7.6 billion to settle its Los Angeles fire claims but reinsurance will lower its losses to about $612 million, including its costs for bailing out the state's Fair Plan.
L.A. wildfires up the pressure on California’s insurance commissioner
Insurance Commissioner Ricardo Lara has been grappling with the troubled market for his six years in office, and now his controversial plan to reform it will be put to the test after the costliest wildfires in the state’s history.
CA post-wildfire beef heats up as state insurance chief accuses Dem congressman of ‘White mansplaining’
Calif., criticized his reform plans, California Insurance Commissioner Ricardo Lara accused him of "white mansplaining"
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 long been critical of his relationship with insurers.
State Farm reports staggering insurance losses from Los Angeles wildfires
State Farm General, California’s largest home insurer by far, estimates it will pay $7.6 billion to survivors of the Los Angeles wildfires. The staggering figure is the highest loss estimate of any insurer so far,
California insurance commish to State Farm: go pound ashes
State Insurance Commish Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an average 22%.
NAPIA STANDS WITH COMMISSIONER LARA IN URGING CONSUMERS TO VERIFY LICENSING WHEN HIRING PUBLIC ADJUSTERS
LOS ANGELES, CA, UNITED STATES, February 25, 2025 /EINPresswire / -- The National Association of Public Insurance Adjusters (NAPIA) is proud
Santa Clarita Radio7h
Senator Valladares Announces Hughes Fire-impacted Residents To Receive Home Insurance Reprieve
Tuesday, at the urging of Senator Suzette Martinez Valladares, R-, California Insurance Commissioner Ricardo Lara extended a one-year moratorium on non-renewals of homeowners insurance policies in zip codes impacted by the Hughes Fire.
Los Angeles Daily News8d
State Farm’s rate hike shot down by California regulator
In the wake of last month’s Los Angeles fires, California Insurance Commissioner Ricardo Lara rejected State Farm’s “emergency” premium increase of 22% on average for California homeowners ...
Sierra Sun Times11d
California's Public Consumer Claims Tracker Continues to Show Progress in Los Angeles Wildfire Claim Amounts, Payments, and Auto Claims
California's Public Consumer Claims Tracker Continues to Show Progress in Los Angeles Wildfire Claim Amounts, Payments, and Auto Claims
Jefferson Public Radio8d
Big homeowner rate hike from State Farm shot down by California regulator
In the wake of the Los Angeles fires, State Farm asked for an “emergency” premium increase of 22% on average for California homeowners. Lara today denied the request pending more information.