Governor Gavin Newsom issued an executive order Thursday afternoon commanding California’s insurance commissioner to consider whether emergency action could be necessary to stabilize the state’s insurance market. Insurance Commissioner Ricardo Lara announced on the same day that he struck a deal with the insurance industry to write new policies. Lara says he made concessions which will make it easier to get higher rates for fire-prone areas approved through the state regulator more quickly. The announcement comes the week after negotiations in Sacramento over a legislative response to the home insurance market fell apart. State Farm, USAA and Allstate all have requested rate hikes…anywhere from 28 to 39-percent.