Insurance Commissioner Lara issues statement on Governor Newsom’s pledge to mitigate wildfire risks
News: 2020 Press Release
LOS ANGELES, Calif. — Insurance Commissioner Ricardo Lara issued the following statement on Governor Gavin Newsom's signing of Department of Insurance-sponsored Senate Bill 872 (Dodd) and Assembly Bill 2756 (Limón/Bloom) and the Governor’s commitment to “work together to better mitigate wildfire risks” with the Insurance Commissioner in his signing message:
“Governor Newsom's signing of legislation for future wildfire survivors will make sure they have the time and resources to recover. And the Governor's pledge to work together with me and the California Department of Insurance to reduce wildfire risk through hardening our homes and communities against wildfire will mean fewer lives lost, fewer homes burned, and increased insurance availability for homeowners in the long term through a competitive insurance market.”
“The availability and affordability of insurance is on many Californians' minds and I invite them to participate in our virtual investigatory hearing on October 19, 2020 as I take action under Proposition 103 to protect consumers and sustain our insurance market.”
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.