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.