California Insurance Commissioner Ricardo Lara said new regulations will keep homeowners insured. Some of the new efforts give insurance companies more leeway in raising rates, while allowing them to use computer modeling to forecast risk and to incorporate their own “reinsurance” costs from backup providers in setting future premiums.
The California insurance commissioner expanded the emergency protections covered by his recent moratorium for Southern California residents affected by wildfires.
A recent moratorium now protects California policyholders from losing home insurance coverage for at least one year if their home is near a site affected by wildfires.
Insurance Commissioner Ricardo Lara declared the fires in Los Angeles and Ventura counties an emergency situation on Monday to help speed recovery efforts, according to a press release from his
Insurance Commissioner RicardoLara alleged Thursday. In response, Lara issued a bulletin reminding all California insurers that the law requires victims who have suffered total losses to get ...
California's Insurance Commissioner has enacted ... business in the wildfire-distressed areas," said Commissioner RicardoLara. Yet, as 7 On Your Side spent months reporting, the fine print ...
Several Immigration and Customs Enforcement agents and other federal personnel waited in unmarked cars as they prepared to approach what they called their target, NBC News reported.
According to the National Weather Service, periods of moderate to heavy rain are expected through Monday afternoon and could trigger flash flooding and mudslides in fire zones.
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