Marc Levine to challenge Insurance Commissioner Ricardo Lara in 2022

SACRAMENTO — Marc Levine, a five-time period Assembly member from Marin County, will operate for…

Marc Levine to challenge Insurance Commissioner Ricardo Lara in 2022

SACRAMENTO — Marc Levine, a five-time period Assembly member from Marin County, will operate for point out insurance policies commissioner upcoming calendar year, difficult incumbent Ricardo Lara, a fellow Democrat whom Levine says has not taken bold ample ways to stabilize a residence insurance policies marketplace ever more strained by California’s worsening wildfires.

The elected insurance policies commissioner, a placement produced by California voters in 1988, oversees the state Department of Insurance policy, which licenses and regulates the field.

“This just can’t be a backwater work at a time when this is the 1 posture that has the ability to impact the most Californians,” Levine said in an job interview Monday. “We’ve acquired so significantly perform to do appropriate now that’s not having finished mainly because the recent insurance coverage commissioner has conflicted himself out of a task.”

With California now per year confronting report-breaking wildfire seasons, hundreds of countless numbers of house owners every yr are getting dropped by their insurance policy companies. Mainstream insurers argue they can no lengthier find the money for to cover some significant-hazard regions simply because rates are as well lower, forcing homeowners to switch to high priced programs not regulated by the point out or a constrained point out-backed policy of final vacation resort.

As nonrenewals surge, Lara has for two a long time in a row prevented insurers from canceling or refusing to renew guidelines for thousands and thousands of householders in and all-around wildfire disaster parts.