Long-term relief from California Insurance Commissioner Lara’s plan may take 12+ months
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Long-term relief from California Insurance Commissioner Lara’s plan may take 12+ months

Shelby Rosenberg
25 September 2023
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California homeowners’ insurers could see near-term relief from Commissioner Ricardo Lara’s recently announced plans to restructure the state’s ailing Fair Plan, but sources say sustained relief could take a year or longer. 

California Governor Gavin Newsom issued an executive order on Thursday authorizing the commissioner to “take immediate action to expand and stabilize the state’s distressed property insurance market”.

Newsom’s

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