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Applied Underwriters alleges the commissioner and Calf. DOI violated five rules under the U.S. Constitution.
Commissioner Lara issued a one-year moratorium on insurance companies refusing to renew policies on homes in fire disaster areas.
The more than $41 million settlement payment is the largest in the California Department of Insurance's history.
Filing claims will raise rates more than any other factor besides poor credit.
The department has found that insurance is becoming harder to find for those in high wildfire-risk areas as a result of recent wildfires.
Nearly 22 years ago, California voters enacted a ballot measure legalizing the medical use of cannabis.
Was a self-storage company's indemnity agreement subject to regulation as insurance under the California Insurance Code or was 'incidental' to the 'principal object and purpose' of renting storage space?
The company concealed defects by misrepresenting the cause of leaky ports to the FDA, the public, and health care providers.
Based on the most recent data available, California insurance companies now collect $332 billion in premiums every year.
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