CA insurance commish defends taxpayer-funded overseas trips
A recent Channel 7
The complaint alleges violations of campaign law stemming from non-filings or non-disclosures and failure to disclose gifts made through intermediaries and others.
“He has been given transportation, lodging, meals and gifts by the
Such criticisms have come in the wake of renewed concerns about the ability of the state’s insurance market to cope with deadly and destructive wildfires that have generated rising damage claims and civil lawsuits against insurers and government agencies.
Publicity about the trips, including travel that allegedly included a safari in
“I’m calling on California Insurance Commissioner Lara to resign in disgrace,” Assemblyman
Tangipa characterized Lara’s actions as corruption, accusing the commissioner of stealing from taxpayers and driving around in limos with private security.
But a spokesman for the
“Insurance companies operate across state lines and international markets,”
As a result of his work with those organizations, insurance reform efforts in the state are more effective and consumer protections have been strengthened, according to Sanchez.
“By working with fellow state commissioners and leading national and international delegations, he is advancing strong, coordinated regulation that protects
Top homeowners insurance companies such as Mercury, CSAA,
In addition, Lara uses the
“Any personal excursions are paid for by the commissioner personally, not by the department,” Sanchez said.
Lara’s spokesman said Lara has set a new standard for community outreach in



Federal Reserve Enters a ‘New Era’ in Payments, Waller Welcomes Crypto to the Table
Why Medicare coverage is getting more expensive in Minnesota next year
Advisor News
- Will rising retirement needs spark an annuity boom?
- Living longer, retiring poorer: Why fragmented systems are failing Americans
- Women say their advisors respect them, but talk down to them
- How PEPs compare with traditional 401(k)s
- Allianz studies why 42% of Americans retire sooner than expected
More Advisor NewsAnnuity News
- Fortitude Re Completes $500 Million FABN Issuance
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
- Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
- NAIC regulators continue pushing for annuity illustration updates
More Annuity NewsHealth/Employee Benefits News
- Turning 65 brings Medicare enrollment choices
- Affordable Care Act enrollment in Illinois continues to drop, new state data shows
- Clark County residents warned to brace for health insurance rate hikes next year
- Researchers at Memorial Sloan-Kettering Cancer Center Describe Findings in Clinical Oncology (Impact of health insurance coverage on dentition status prior to hematopoietic cell transplant: A 10-year single-institution observational study): Clinical Oncology
- Colorado lupus patients can't afford 'most favored nation' drug pricing | PODIUM
More Health/Employee Benefits NewsLife Insurance News
- Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
- Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
- KBRA Releases Research – Private Credit: Much Ado About Nothing – Perspectives on Columbia Business School Paper About Private Ratings
- VUL sales skyrocket in Q1, signaling major market shift
- KBRA Releases Research – Private Credit: A More Balanced Review of the NAIC PLR Review Process for Insurance Balance Sheets
More Life Insurance News