The state is working on establishing new regulations to help the industry there recover California Insurance Commissioner Ricardo Lara has reached out to insurers in the state, telling them that they must develop ideas beyond rate hikes to overcome the current crisis in the state. Lara is simultaneously working on new state regulations According to Lara, his office and the California insurance industry are “in a forced marriage,” in which “we’re staying together for the kids.” However, the commissioner was also able to find common ground with the Farmers Insurance…
Read MoreCalifornia Insurance Commissioner Lara seeks new guidance to overcome state crisis
