Opinion: California Faces Big Tradeoffs to Prevent an Insurance Market Meltdown ...Middle East

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Opinion: California Faces Big Tradeoffs to Prevent an Insurance Market Meltdown
source : Times of San Diego ( Middle East ) () 19
State Insurance Commissioner Ricardo Lara speaks during a press conference with Los Angeles labor leaders and advocates in September. Photo by Alisha Jucevic for CalMatters While Gov. Gavin Newsom and state legislators wrestle with a massive state budget deficit this year, a few blocks from the Capitol another crisis that could have far more impact on California families will be playing out. Ricardo Lara, California’s insurance commissioner, will be trying to dissuade companies that provide insurance coverage to millions of homeowners from fleeing the state. Citing heavy losses from disastrous wildfires and the potential for more destruction in the future, the largest insurers, such a

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