As the November election looms, major industry players in Los Angeles are paying attention — and money — to the race for California insurance commissioner. This month, billionaire developer Rick Caruso doled out about $3,400 to state Sen. Ben Allen’s campaign for a position that doesn’t typically rank high in races to watch. The 2025 wildfires in Pacific Palisades and Altadena, which burned through thousands of structures and subsequently blew up California’s insurance market, have put a spotlight on the insurance commissioner gig, as California navigates what many are calling a statewide insurance crisis. Caruso, whose Palisades Village retail center […]
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