Los Angeles, CA -- Calendar entries, documents, and newly uncovered photographs reveal that Insurance Commissioner Ricardo Lara, not his fundraiser, made first contact with an agent of a workers compensation insurance company offering political support in conjunction with seeking approval for a change of control in the company.
Los Angeles, CA – Following a Politico report that California Insurance Commissioner Ricardo Lara billed the state for his Sacramento apartment, Consumer Watchdog has called on Attorney General Xavier Becerra and the District Attorneys for Sacramento, Los Angeles and San Francisco counties to launch an investigation over the potential theft of public funds.
Where the troubling trail of accusations dogging Insurance Commissioner Ricardo Lara will lead is hard to tell. State records show that insurance industry executives and their relatives gave tens of thousands of dollars to Lara’s campaign committee–even as he intervened on their behalf in cases before his agency.
We’ll know more on Aug. 31. That’s when Lara has promised to make public his communications and calendars of meetings with the executives.
Los Angeles, CA– In a letter sent today, Consumer Watchdog called on Insurance Commissioner Ricardo Lara to use the full authority of his office to preserve Californians’ access to home insurance.
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 – 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.