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The California insurance commissioner has been an elected executive office position in California since 1991. Prior to that time, the insurance commissioner was appointed by the governor. The officeholder is in charge of the California Department of Insurance . The current insurance commissioner is Democrat Ricardo Lara .
Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.
University of Southern California ( MA) Website. Government website. Ricardo Lara (born November 5, 1974 [1]) is an American politician who is currently serving as the 8th Insurance Commissioner of California. Lara was elected during the 2018 election, defeating former California insurance commissioner Steve Poizner.
March 29, 2024 at 12:16 PM. Hector Amezcua/hamezcua@sacbee.com. Former insurance commissioner Dave Jones has a sobering view on the future of homeowner coverage in California: He believes the ...
Ricardo Lara’s first year as California insurance commissioner — the elected office charged with regulating the state’s $310-billion insurance industry — was an ethical disaster.
Gov. Gavin Newsom made a splash when he promised on May 10 to bring relief to California’s turbulent insurance market by vowing to speed up how quickly price increases are reviewed in the state.
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state. The office of an insurance commissioner is ...
The Insurance Department has a tool that allows homeowners to find out which insurers are writing coverage in their neighborhoods. It also will talk directly with distressed homeowners who call ...