Records Show Insurance Commissioner's Deal with Industry to Expand Wildfire Coverage is a Sham, Says Consumer Watchdog
The commissioner could waive the "85% commitment" to sell more home insurance in wildfire areas for any insurer that claims it cannot meet its commitment.
- The commissioner could waive the "85% commitment" to sell more home insurance in wildfire areas for any insurer that claims it cannot meet its commitment.
- The records obtained are emails and bill language circulated by the commissioner's chief deputy to the insurance industry's top lobbyists and legislative staff in late August.
- "These documents prove Commissioner Lara's deal with the insurance industry is an outrageous fraud on the public that will make Californians pay vastly more for insurance but not get more people insured.
- Lara tried to jam the deal through the legislature, and when that failed repackaged it as a regulatory plan.