Ricardo Lara

A California judge indicated she would likely reject a petition by Consumer Watchdog challenging California's directive allowing insurers to recoup wildfire losses via customer fees. The directive, led by Insurance Commissioner Ricardo Lara, requires property and casualty insurance holders to pay assessments to cover costs from the January 2025 wildfires, which the nonprofit argues are illegal under the insurance code.

Two Democrats, Jane Kim and Ben Allen, will compete in California's November insurance commissioner election. They will replace Ricardo Lara, who has served two terms, amid challenges like wildfire risks, insurance affordability, and claims delays.

Ballots are still being counted in California's insurance commissioner primary, with Jane Kim (Democratic former San Francisco City Supervisor) leading at 23.65%, followed by Ben Allen (Democratic state Sen.) at 19.19%, and Republican Stacy Korsgaden at 17.53%. The next commissioner will replace term-limited Ricardo Lara and address a state insurance crisis with rising premiums and coverage losses.

California is seeking millions in penalties from State Farm due to alleged claims violations after LA wildfires. The state's insurance regulator found that State Farm violated the law hundreds of times. The maximum penalty could be around $4 million.

The California insurance commissioner's race to replace Ricardo Lara features over a dozen candidates, including four Democrats and five Republicans. The election will determine the next insurance commissioner as multiple contenders compete for the position.

The California insurance commissioner's race is seeing competition from over a dozen candidates, including four Democrats and five Republicans, as they aim to replace Ricardo Lara. The election will determine Lara's successor in the role.