Tag Archives: proposition 103

Insurance Commissioner Ricardo Lara Provisionally Approves State Farm’s Emergency Interim Rate Increase Request 

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By Lisette Cruz On March 14, 2024, the California Department of Insurance (CDI or the Department) published a news release announcing CDI Commissioner Ricardo Lara’s provisional acceptance of State Farm’s request for an emergency interim rate increase. This decision follows Continue reading →

Commissioner Lara Announces “Sustainable Insurance Strategy” Drawing Strong Opposition from Consumer Advocacy Groups

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By Alexandra Harten On September 21, 2023, Governor Newsom signed Executive Order N-13-23 directing the Insurance Commissioner “to take prompt regulatory action to strengthen and stabilize California’s marketplace for homeowners insurance and commercial property insurance, and to consider whether the Continue reading →