https://www.siliconvalley.com/2024/10/11/elias-lara-newsom-caving-in-to-californias-insurers-they-regulate/ > From the way they’re acting, it’s clear Gov. Gavin Newsom and state Insurance Commissioner Ricardo Lara believe they have no choice other than caving in to insurance industry blackmail. > Or maybe it’s extortion. Either way, these two supposedly strong and independent officials have been working steadily this year to enrich insurance companies. When State Farm announced a 30% hike in property insurance rates, neither elected official blinked. Their response was the same when Allstate and others announced even larger rate increases.