California legislators urge Lara to ‘put the pedal to the metal’ on sustainability plan
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California legislators urge Lara to ‘put the pedal to the metal’ on sustainability plan

California State Capitol building.jpg

At a Tuesday hearing, California's assembly committee on insurance quizzed insurance commissioner Ricardo Lara on the finer points of his sustainable insurance plan and his December 2024 timeline.

The plan, issued in September, committed in broad strokes to expediting the rate approval process, allowing insurers to use cat modeling and factoring in California-only reinsurance costs into rate filings.

The

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