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The California insurance commissioner has been an elected executive office position in California since 1991. Prior to that time, the insurance commissioner was appointed by the governor. The officeholder is in charge of the California Department of Insurance. The current insurance commissioner is Democrat Ricardo Lara.
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.
For the first time in over five decades California is increasing its minimum auto insurance requirements this year, but the change isn't expected to burn a hole in every driver's wallet. In 2022 ...
And it’s a process Insurance Commissioner Ricardo Lara is vowing to speed up. Allstate is one of California’s largest home insurers. It had more than 353,000 active policies in 2021, according ...
California is as car crazy as ever, with insurance rates increasing to match. Data analyzed by the insurance comparison website Insurify showed the average annual cost of full coverage in ...
Proposition 103, titled Insurance Rate Reduction and Reform Act, was a California ballot proposition voted on in the 1988 California General Election. It passed with 51% of the vote on November 8, 1988. [1] Proposition 103 expanded the regulatory capacities of the California Department of Insurance, especially in property and casualty insurance.
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