Laurence Darmiento
Staff Writer at Los Angeles Times
I cover finance, insurance, aerospace and dealmakers in Southern California. Tips welcome. [email protected]
Articles
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2 weeks ago |
gazettextra.com | Laurence Darmiento
State Insurance Commissioner Ricardo Lara announced Thursday his department is launching a formal inquiry into how State Farm General, California's largest home insurer, is handling thousands of claims filed by victims of the January wildfires after complaints from policyholders. The department said it would start a "market conduct examination," a comprehensive investigatory tool that regulators have to probe significant problems in the insurance market. Copyright 2025 Tribune Content Agency.
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2 weeks ago |
thederrick.com | Laurence Darmiento
State Insurance Commissioner Ricardo Lara announced Thursday his department is launching a formal inquiry into how State Farm General, California's largest home insurer, is handling thousands of claims filed by victims of the January wildfires after complaints from policyholders. The department said it would start a "market conduct examination," a comprehensive investigatory tool that regulators have to probe significant problems in the insurance market.
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2 weeks ago |
latimes.com | Laurence Darmiento
State Insurance Commissioner Ricardo Lara announced Thursday his department is launching a formal inquiry into how State Farm General, California’s largest home insurer, is handling thousands of claims filed by victims of the January wildfires after complaints from policyholders. The department said it would start a “market conduct examination,” a comprehensive investigatory tool that regulators have to probe significant problems in the insurance market.
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2 weeks ago |
dailyitem.com | Laurence Darmiento
State Insurance Commissioner Ricardo Lara announced Thursday his department is launching a formal inquiry into how State Farm General, California's largest home insurer, is handling thousands of claims filed by victims of the January wildfires after complaints from policyholders. The department said it would start a "market conduct examination," a comprehensive investigatory tool that regulators have to probe significant problems in the insurance market.
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2 weeks ago |
dailygazette.com | Laurence Darmiento
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The litigation stemming from the Los Angeles firestorms has so far focused on California's insurer of last resort, the FAIR Plan. Now, some fire victims are accusing AAA and USAA of insurance fraud by underinsuring them and leaving them without enough money to rebuild.
The L.A. fires have spawned litigation accusing California insurers of colluding to drop homeowners from their rolls. I talked to both sides and some experts to see if the litigation has legs. The verdict? Could be a tall order to prove. https://t.co/dSp0vc4Ftp
"Insurance commissioner grants State Farm 17% emergency rate hike after L.A. fires" -- That was quick. Lara makes a decision within hours of the release of a judge's recommendation. The political calculus must have been to rip off the bandaid. https://t.co/Cdk0mDyRsG