California Insurance Commissioner’s Plan for Managing Climate Change Risks Draws Criticism

A home burns in Alpine during a wildfire in July 2018. Courtesy OnScene.TV Given a time of fast-moving climate change, wouldn’t you like to know what the chances are of your house being in the path of a wildfire? It’s a question most homeowners would like answered and so too would California’s insurance industry. Toward … Read more

California Insurance Commissioner’s Wildfire Working Group Embraces Insurance Industry Wish List at Expense of Consumers and Taxpayers, Says Consumer Watchdog

LOS ANGELES, June 7, 2021 /PRNewswire/ — A group convened by Insurance Commissioner Ricardo Lara to investigate insurance-related climate change solutions is recommending he let insurance companies insert secret models into ratemaking, a top deregulatory priority of the industry in California.   The 67-page draft report, made public late last week, explicitly excludes discussion of the … Read more