California has made some encouraging progress in stabilizing its teetering property insurance market, but alas the week’s major news about insurance is dispiriting. According to an ABC News investigation , the Department of Insurance finally produced records about Commissioner Ricardo Lara’s incomprehensible travel schedule, which was first reported nine months ago.
Since taking office as the insurance czar in 2019, Lara has taken 48 trips – with at least 13 paid by taxpayers. Per the news outlet , financial reports “show tens of thousands of department funds were spent on five-star resorts that turned into extended trips – including an African safari and an extended stay at a five-star resort in Dubai.” The department hasn’t provided expenses on several trips nor offered a reasonable