Allegations of comfort between California-elected state insurance commissioner and the insurance industry led to charges between him, flights between critics in Sacramento and Washington, and amid the Pacific Palisades fire Californians who lost everything were frustrated.
Commissioner Ricardo Lara accuses Rep. John Garamendi Los Angeles Times Report His criticism of the agency.
Garamendi, California’s first insurance specialist since he was elected in the 1990 competition, said Lara’s expected reforms were “apparently… what the insurance industry wants.”
“Your job is to hold the company accountable, and he seems to be doing the opposite, which gives the company everything they want,” he said of the Times.
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Lara claims he has no authority to force the company to write insurance policies, and Garamendi’s advice will “intensify the problem when the insurer exits California.”
“[Q]Honestly…this won’t be the first or last time I’ve been forgotten by white people about how to do my job. ” Laura, who The son of the Mexican immigrant told the Times.
Lara’s reform plan has held six years in his current position and several positions in the state legislature, aiming to help Californians destroy countless homes in the wake of weeks-long fires in Los Angeles County.
According to the Times, insurance companies could be in trouble for about $45 billion, and state farms demanded an emergency rate hike after Laura rejected the fire.
The paper describes Lara’s plan as a “carrot and sticky” effort, offering concessions to insurers that agree to underwrite clients in areas prone to natural disasters.
represent For Lala The controversy over Fox News Digital says it is completely normal for insurance specialists to meet with insurance companies regularly.
“California Department of Real Estate [also] Meet with real estate agents. The California Public Utilities Commission meeting meets SCE and SOCALGA. If they don’t, they will be properly criticized for failing to do their job. ” said the representative.
“The same standard applies to the insurance department.”
He also targeted a prominent critic cited in the original report, a group called the Consumer Regulatory Agency, which claimed Lara and related entities “try to cover up” the insurance industry’s $122,000 donations to support his reelection.
A state committee later found “insufficient evidence” for violations of state law and closed the case in January, The Times reported.
Lara’s representative called the allegations “unfounded” when he arrived by Fox News Digital.
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Representative Lara described Garamendi as “a member of Congress who failed to act in their current position to protect consumers”.
Lara committed to keeping insurers accountable during the interest rate setting process and meeting with 900 city halls covering each Gold County, the representative added.
“Californians want solutions, not distracted. Commissioner Laura is battling the failure of consumers for decades, and his critics have not done anything good about helping consumers to help consumers. , and make insurance more usable and affordable.”
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A helicopter drips over the Palisade fire in Mandeville Canyon in Los Angeles on January 11, 2025. (Photo by Etienne Laurent/AP)
When asked to respond further, a representative of Garamandy pointed out his recent comments on the issue.
“The specialist must really support consumers, which is a challenge that the current specialist (LARA) must address in the coming days.”
“Unfortunately, over the past few months and years, he has basically tumbling up the insurance companies to cancel the policies they have done in the Palisade area, and he allows the insurance companies to double, in many cases, triple and four times the homeowner’s premium Garamandy said: “Normal and required public hearings and detailed investigations. ”
Meanwhile, in the state legislature, Senate Minority Leader Brian Jones Criticized Gov. Gavin Newsom, as well as Lara and Sacramento Democrats, for serious reforms to the insurance structure.
“Waiting for this long time, we are now waiting for the current system to wait for major reforms to take effect and could lead to the total failure of these catastrophic events like those we have seen in Los Angeles,” he said. Jones says R-san Diego.
“Sadly, if the fair plan collapses, every Californian pays the surcharge of its homeowner’s policy to cover actions that the state does not take action.”
Fox News Digital also reached out to Newsom but received no response from the press conference.
