John Garamendi, an eight-term congressman and former insurance commissioner, has publicly criticized Ricardo Lara, the current insurance commissioner, for his handling of insurance regulations. Garamendi highlighted Lara's acceptance of political contributions from insurance companies and his approval of high premium increases as unacceptable. He expressed disappointment over Lara's inaction regarding significant rate hikes, particularly one that affected a fire-safe building in Portola Valley. Garamendi believes Lara should resign if he cannot effectively confront insurance companies contributing to his campaign.
U.S. Rep. John Garamendi openly criticized Ricardo Lara's performance as California's insurance commissioner, stating he should resign if unwilling to combat insurance companies.
For six years, Garamendi silently observed Lara accepting contributions from insurance companies he regulates and approving significant premium increases without public objection.
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