insurance rates

COMMISSIONER LARA EXTENDS ORDER FOR INSURANCE COMPANIES TO PARTIALLY REFUND PREMIUMS

East County News Service
Photo: creative commons via Bing
 
May 16, 2020 (Sacramento) – California Insurance Commissioner Ricardo Lara has issued a Bulletin extending his previous order requiring insurance companies to return partial insurance premiums to consumers and businesses and provide financial relief amid the COVID-19 pandemic. 
 
The Bulletin now includes the month of May, having already included the months of March and April, covering at least six different insurance lines: private passenger automobile, commercial automobile, workers’ compensation, commercial multi-peril, commercial liability, medical malpractice, and any other insurance line where the risk of loss has fallen substantially as a result of the COVID-19 pandemic. 

Error message

Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.

INSURANCE COMPANIES MUST ISSUE REFUNDS TO CALIFORNIANS IMPACTED BY COVID 19 FOR AUTO, BUSINESS, AND OTHER POLICIES

By Miriam Raftery

April 18, 2020 (Sacramento) --  With many businesses closed or having employees work at home, California Insurance Commissioner Ricardo Lara has found that risks of losses are reduced. So on April 13, the Commissioner ordered insurance companies to issue refunds or credits within 120 days to policyholders adversely affected by COVID-19 including:

  • Private passenger and commercial automobile insurance
  • Workers’ compensation insurance
  • Commercial liability insurance
  • Commercial multiple peril insurance
  • Medical malpractice insurance
  • Any other lines of coverage where risks have dropped due to the pandemic.

Error message

Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.

BILL TO LET STATE LIMIT HEALTH INSURANCE RATE HIKES ADVANCES IN STATE SENATE

Local legislators split on support, opposition to measure

 


June 25, 2010 (Sacramento) – On Wednesday, the State Senate Health Committee passed AB 2578, the Healthcare Accountability Act. The measure aims to protect California consumers from excessive health insurance rate hikes, such as the 39% rate increase announced by Anthem Blue Cross earlier this year and an up to 75% increase imposed on businesses by Blue Shield.


Error message

Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.