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Oversees and directs all functions of the Department of Insurance. Licenses, regulates, and examines insurance companies. Answers public questions and complaints regarding the insurance industry. Enforces the laws of the California Insurance Code and adopts regulations to implement the laws.
Insurance Commissioner Ricardo Lara on Wednesday defended his department’s efforts to roll out a series of rule changes this year to try and stabilize California’s insurance market as he faced ...
California insurers will be required to sell coverage in wildfire-prone regions that have seen an insurer exodus in recent years, state Insurance Commissioner Ricardo Lara announced Monday. Under ...
Ricardo Lara (born November 5, 1974 [1]) is an American politician who is currently serving as the 8th Insurance Commissioner of California.Lara was elected during the 2018 election, defeating former California insurance commissioner Steve Poizner.
In September 2023, California Insurance Commissioner Ricardo Lara announced the Sustainable Insurance Strategy — the largest overhaul of the state’s insurance regulations since Prop 103 passed ...
Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.
[1] [2] [3] The FAIR Plan was established in 1968 by a statutory amendment to the California Insurance Code (specifically, section 10090 et seq. [4]), and is regulated by the office of the California Insurance Commissioner. The plans are typically more expensive and provide less coverage than commercial plans. [5]
Rep. John Garamendi on his calls for CA Insurance Commissioner to act or resign Liberty Mutual is the latest in a growing list of insurance companies to pull back on coverage in the nation’s ...