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California Insurance Commissioner Ricardo Lara stole away to Bermuda for a junket last week, choosing to attend a conference of insurance executives instead of testifying at a state legislative hearing, with fire victims still in limbo.
Lara attended the Bermuda Risk Summit, an event in the Caribbean that is held by members of the insurance and reinsurance industry.It’s not clear if Lara is back yet from the Caribbean. The California Department of Insurance has not responded to multiple requests for comment as of Friday night. Earlier Friday, Lara announced he may approve State Farm’s request for an emergency rate hike with conditions.— by Democrats — for being too close to the insurance industry.
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