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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Led by Insurance Commissioner Ricardo Lara, the California Department of Insurance is the consumer protection agency for the nation's largest insurance marketplace and safeguards all of the state’s consumers by fairly regulating the insurance industry. Under the Commissioner’s direction, the Department uses its authority to protect Californians from insurance rates that are excessive, inadequate, or unfairly discriminatory, oversee insurer solvency to pay claims, set standards for agents and broker licensing, perform market conduct reviews of insurance companies, resolve consumer complaints, and investigate and prosecute insurance fraud. Consumers are urged to call 1-800-927-4357 with any questions or contact us at www.insurance.ca.gov via webform or online chat. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.