Navigating California's Insurance Crisis: From Wildfires to Sustainability
TL;DR Summary
California Insurance Commissioner Ricardo Lara finds himself at the center of the country's biggest insurance crisis as insurers, including Allstate, State Farm, and Farmers Insurance, stopped or restricted new home-insurance business after Lara blocked their rate increases. Lara had campaigned on the risk of climate change, which insurers tried to address through rate hikes and coverage reductions.
Topics:business#california-insurance-commissioner#climate-change#insurance#insurance-crisis#rate-increases#ricardo-lara
- The Man at the Center of America's Biggest Insurance Crisis The Wall Street Journal
- California Insurance Commissioner hopes to stabilize property insurance market by 2025 KCRA Sacramento
- California's extreme wildfires are leaving residents without home insurance options as climate risks increase Fox Business
- California legislators urge Lara to 'put the pedal to the metal' on sustainability plan Insurance Insider US
- How to thrive in the new California P&C insurance market Digital Insurance
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