Sacramento, CA – A wildfire insurance bill sponsored by Insurance Commissioner Ricardo Lara stalled in the state Assembly today in the face of objections raised by the Department of Finance and Consumer Watchdog that the bill would expose taxpayers to unnecessary financial risks.
Los Angeles, CA -- Consumer Watchdog said legislation sponsored by Insurance Commissioner Ricardo Lara and scheduled for a vote Wednesday would needlessly expose California taxpayers to the same kind of complex and risky financial instruments that led to the 2008 financial crisis.
The bill would allow the state to purchase insurance and other financial products with none of the usual state oversight, including insurance regulation by Commissioner Lara’s own Department of Insurance and procurement rules at the Department of General Services.
Los Angeles, CA — Consumer Watchdog today urged Governor Newsom to crack down on the state’s recycling regulator CalRecycle and to take urgent steps that save the state’s bottle deposit program in the long and short term.
“The closure of the largest recycling chain in the state, rePlanet, has cut the number of recycling centers available to Californians in half over the last six years,” Consumer Watchdog President Jamie Court wrote in a letter to Governor Newsom. “CalRecycle has long known about these problems, but it has failed to act.
Los Angeles, CA — Consumer Watchdog said the closure of the largest operator of bottle redemption centers in the state, rePlanet, today requires the Governor to prioritize recycling reform in the coming months. rePlanet closed its last 284 centers today, leaving consumers with few places to receive bottle and can deposit refunds.
Consumer Watchdog called for CALRecycle, the state agency in charge of recycling, to immediately require every grocery and convenience store chain to begin redeeming bottles and cans.
Los Angeles, CA – Insurance Commissioner Ricardo Lara’s office will delay disclosure of the Commissioner’s calendar or records of his meetings with insurance companies to August 31st, according to a communication sent to Consumer Watchdog.
Commissioner Lara said that he would disclose his calendars in response to revelations that he took $54,300 in campaign contributions from insurance executives and their spouses, took actions that benefited the insurance company connected to three of those donors, and met with the company’s CEO.
Watch the video of California Insurance Commissioner Ricardo Lara addressing insurance industry lawyers in Hollywood on July 25, 2019. The video was posted by Politico to accompany their July 29, 2019 story:
POLITICO: Lara tells insurers he's 'receptive' to their ideas, including vehicle data use.