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Tubbs joins Newsom as economic advisor
Former Stockton Mayor Michael Tubbs at a press conference in Sacramento on March 9, 2020. Photo by Anne Wernikoff, CalMatters
Former Stockton Mayor Michael Tubbs was named Newsom’s special advisor for economic mobility and opportunity on Thursday, an announcement that follows Tubbs’ surprise November defeat for a third term and comes as Newsom faces an almost-certain recall election. Tubbs, who’s received national recognition for launching a universal basic income program found to have measurably benefited Stockton residents, could lend some star power to the campaign to keep Newsom in office. Tubbs told me he turned down a position at the White House to join Newsom’s team even though he won’t be paid.
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On March 11, 2021, California Insurance Commissioner Ricardo Lara expanded his prior orders regarding premium relief for any line of insurance in California where the measures of risk have become substantially overstated as a result of the COVID-19 pandemic. In Bulletin 2021-03, the commissioner specifically required insurers writing private passenger auto coverage to “report to the Department information about the additional premium relief that they provide to consumers.” In addition, for the report mandated under Bulletin 2020-08 and due by April 30, all reporting insurance companies must include a supplemental report to demonstrate how they plan to return additional premiums for the months of March through December 2020 where premiums remained overstated despite initial premium returns, if any.
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California Commissioner Wants Rate Transparency Rules for Wildfire Risk February 23, 2021
California Insurance Commissioner Ricardo Lara has proposed new rules to give homeowners and businesses open access to their properties’ wildfire risk scores.
The new rules would require insurance companies to provide a consumer with their property’s wildfire risk score, which must recognize a consumer’s mitigation actions that could improve their rating, such as creating defensible space and fire-hardening, and allow time for the consumer to reduce their score.
The new regulations will incentivize mitigation and help consumers make better-informed decisions when they buy, sell, or build a home, according to Lara.