Farmers announces initial $600-million loss for Los Angeles fires
Farmers Insurance said claims from the Los Angeles fires will cost it at least $600 million, a substantially smaller initial ...
L.A. wildfires up the pressure on California’s insurance commissioner over industry ties
The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance ...
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 ...
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" ...
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 ...
insurancebusinessmag9h
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 ...
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 ...
Santa Monica Daily Press7h
Big homeowner rate hike from State Farm shot down by California regulator
By Levi Sumagaysay CalMatters California Insurance Commissioner Ricardo Lara recently rejected State Farm’s request for “emergency” rate increases, setting up what could be a highly consequential ...
HousingWire2d
California insurance commissioner rejects State Farm’s request for 22% rate increase
State Farm responded by saying that it “must seriously consider its options within the California insurance market going ...
autobodynews2h
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.
These L.A. homeowners had coverage for fire. But not for the toxins left behind.
Clashes over covering smoke damage have become a growing issue in recent years as wildfires intensify and home insurance ...
Insurance Insider4d
Lara demands justification for State Farm rate hike
In a letter issued on Friday, Lara said State Farm’s request for an emergency interim rate increase can only be granted if ...