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By a CalMatters Economy Economy Reporter Levags:
When Insurance Commissioner Ricardo Lara testifies to the real estate insurance market in California in front of the Assembly Insurance Committee this week, he mentioned a recent trip to Bermuda – somewhat defensive.
Lara attended the Bermudi Risk Summit, a conference on the insurance industry last week. He gave the main address on March 11, the same day the Senate Insurance Committee held Hearing supervision that he missedS Michael Martinez, Chief Deputy Commissar, and Michael Peterson, Deputy Commissioner for Climate and Sustainability, represent the insurance department in the hearing of the Senate Committee.
On Wednesday, Lara – WHO in 2019 I apologized for taking the campaign contribution From the insurance industry, ”told the Assembly Committee that he went to the summit to meet directly with reinsurers, nearly 40% of whom are based in Bermuda. Reinsurers provide insurance to insurance companies. Their role is key when policies claims.
- Laraof the Commission: “We must engage a person to person who allows more direct answers and must face the insurance industry to achieve these results. If insurance companies tell me that the price of reinsurance is almost triple, then I have to trust, but also to check, as directly encountered.
Lara also said she had received some reinsurance companies to agree to accelerate the payments of fire survivors and that they agreed to work with the state to expand the earthquake insurance.
Michael Soller, a spokesman for the department, said that Lara’s Bermuda’s trip was paid by the National Association of Insurance Commissioners. States pay annual fees for evaluating the association based on the volume of the insurance premium. This year, California pays the maximum amount of $ 150,000, along with Florida, New York and Texas, according to the association’s budget.
Lara also said she expects the California insurance market to improve in 2026 – in accordance with the projections of the insurance industry Calmatters, reported in 2023 “After his Regulatory reforms that came into force this year are more fully applied and insurance companies are able to raise their tariffs, they believe they are in line with their risk.
Calletatters events: Join us on April 16 for “How are the Children? Diving in what emphasizes young Californians and the state’s plan to help.” This half -day symposium in the center of Los Angeles will explore the problems of young people’s mental health and include lunch. Sign up todayS
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Proper NEWSOM turn?
Four episodes in his new podcast – in which governor Gavin Newo talks to loyalists to Maga and other guests – reactions of listeners and legislators on both sides of the political path have been a mix of perplexity, skepticism and concernS
Calm Alexey Kossef Explains, in the debut episode of the podcast, Newsom Surprised members of the LGBTQ community When he said the issue of transgender athletes competing in women’s sport was “deeply unfair” during a conversation with the conservative provocateur Charlie Kirk.
In another episode with President’s advisor Donald Trump Steve Bannon, the governor said he was not absolutist because he was related to being against tariffs. ” But days ago, Newsom issued a statement stating that tariffs are “Tax on hardworking American familiesS “
With two years remaining in his rule, legislators, defenders and residents of California remain wondering how much a random commentary to Podcast’s Newsom comments when it comes to his position on state policy.
- Anthony RendonA former spokesman for the Assembly when Newsom took office during Trump’s first term: “They are mystified.” WTF “is the most common text message I get.”
Elsewhere in the State Capitol: Although four years have passed since California adopted a remarkable law By expanding the mental health cover, defenders continue to cause concerns about the lack of health plans covering the treatment of mental health. In response, the legislature is considering a handful of bills that seek to regulate mental health insurance. Find out what they are by Calmatters’ Jocelyn WienerS
Tesla lay the foundations for robotaxis
State regulators on Tuesday provided the permission of Tesla Inc. electric cars. Start a charter service with the help of drivers occupied by Tesla In vehicles owned by the company, writes Calmatters’ Malena CaroloS
By squeezing from a November 2024 application by Tesla, the California Commission for Utilities Authorizes the restricted transport service for the transfer of TESLA employees to pre -arranged vehicles.
Although the permit does not allow Tesla to manage a RideShare service or allow it to drive taxis without drivers, it can serve as a key step to the company that starts vehicles without drivers. In January Tesla CEO They told investors He plans to launch cars for self -driving in Austin in June.
- Sam AbelsmidVice President of Market Research at Telemetry FIRCY FIRC and analyst of the automotive industry: “The only reasonable explanation I can think of why they have this (permission) is to allow them to test some of the operational services needed to manage the mobility service.”
Finally: Protesters sues ucla
California voices
CalMatters columnist Dan Walters: Under pressure from the Trump administration, the University of California this week abandoned its requirement for a diversity declaration for teachers – a practice that the system should have never realized firstS
To treat disorder of substance abuse in rural communitiesState and local authorities should expand the number of “drug units” available to patients, Writes Tracy NguyenA student at Stanford University, studying political sciences and public policy.
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