Insurance Commissioner Ricardo Lara responds to PG&E’s intent to file bankruptcy
News: 2019 Press Release
SACRAMENTO, CA – Insurance Commissioner Ricardo Lara issued the following statement in response to PG&E’s intent to file bankruptcy:
“The Department of Insurance is monitoring the potential impact of PG&E’s pending bankruptcy filing to make sure first and foremost that wildfire survivors are protected and able to collect the full benefits of their insurance claims from last year’s devastating wildfires,” said Insurance Commissioner Ricardo Lara. “It is the expectation of the department that insurers will continue to pay claims fairly and in a timely manner.”
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The California Department of Insurance, established in 1868, is the largest consumer protection agency in California. Insurers collect $310 billion in premiums annually in California. Since 2011 the California Department of Insurance received more than 1,000,000 calls from consumers and helped recover over $469 million in claims and premiums. Please visit the Department of Insurance website at www.insurance.ca.gov. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.