Lara Black Box Model Rules Generate $571 Million in Rate Hikes But Just Twelve Thousand New Home Insurance Policies. That’s $47K Per Policy.

Lara Black Box Model Rules Generate $571 Million in Rate Hikes But Just Twelve Thousand New Home Insurance Policies. That's $47K Per Policy, Says Consumer Watchdog

SACRAMENTO, Calif., Sept. 23, 2026 /PRNewswire/ -- Ten home insurance companies have sought $571 million in rate hikes under Insurance Commissioner Lara's rules allowing insurers to raise rates based on black box climate models, yet those companies have committed to…

Lara Black Box Model Rules Generate $571 Million in Rate Hikes But Just Twelve Thousand New Home Insurance Policies. That’s $47K Per Policy.

Sacramento, CA — Ten home insurance companies have sought $571 million in rate hikes under Insurance Commissioner Lara’s rules allowing insurers to raise rates based on black...