Why Ricardo Lara says his plan to fix California’s insurance crisis will work

You’re a California homeowner who just spent thousands of dollars to protect your property from wildfires — and saved maybe $100 on your insurance bill. Could grants to low- and middle-income residents help? That’s an idea California Insurance Commissioner Ricardo Lara wants to bring to the Legislature next year, he said in conversation today with CalMatters’ economy reporter Levi Sumagaysay. Lara discussed his multi-pronged approach to the insurance crisis — with companies decreasing coverage, raising premiums for residential and commercial customers, or leaving the state altogether. Part of the plan...