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California Insurance Commissioner Lara: Luxury Trips Funded by Industry Amid Wildfires

by Priya Shah – Business Editor

California Insurance Commissioner Ricardo Lara Faces‌ Renewed Scrutiny Over ⁣Lavish Travel Amid Insurance crisis

SACRAMENTO, ‌CA – California Insurance Commissioner Ricardo Lara​ is under fire for extensive ‌luxury travel undertaken while the state’s insurance market faced instability and‍ residents grappled with soaring premiums and wildfire losses. Reports from the ⁣ Los⁣ Angeles Times, ⁢ABC7, and The​ San Francisco Standard detail at least ⁤32 luxury trips ⁢spanning over 163 days to destinations including Tokyo, Cape Town, and ‍Dubai during Lara’s ‌tenure.

Lara, a longtime Democratic politician previously serving in the state Senate, reportedly flew cattle class while a trade​ group covered the costs ⁢of​ first- ‌and business-class seats⁣ for him. His ⁤office was slow to disclose details⁢ about his travel expenses, only providing information on some trips as recently ​as November, according to the LA times.

Investigations revealed Lara’s​ trips included expenses such as limousines, an African safari, and a stay at a five-star resort in Dubai, accompanied by considerable security costs. He also reportedly missed key state meetings during ‍these ​travels.

The commissioner’s spending extended beyond travel, with $107,000 charged to ⁤campaign credit cards for travel and meals in⁢ locations like ⁣Dublin, Costa Rica, Switzerland, New Zealand, ‍and Bermuda, ⁤the LA Times ​reported. He ‌also frequently dined at exclusive restaurants with unidentified​ guests, ⁣with ‌bills ‌covered by campaign ‌supporters, according to The ⁤San Francisco Standard.

These revelations come ⁣as California has ⁤experienced skyrocketing insurance premiums ​and ⁢policy cancellations from major firms, ⁤though some​ have as recommitted to the state. Consumer‌ advocates have criticized Lara ⁤for appearing to favor insurance interests.

This is⁣ not the first time Lara’s ethics have been questioned. Shortly after ⁢taking office in 2019, he was found to be ​soliciting donations from firms he‍ regulated, prompting a pledge to uphold “a higher standard.”

A group of ⁣Los Angeles-area ‍wildfire victims has recently called for ⁢Lara’s‍ resignation,as reported by the⁣ Los⁣ Angeles Times. Lara’s office has⁣ been ⁤contacted for comment.

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