In The News
CalMatters – California lawmakers failed to fix the insurance market. So what comes next?
By Alexei Koseff, CALMATTERS
https://calmatters.org/politics/2023/09/california-insurance-wildfires/
As a string of last-minute deals surfaced this week before tonight's end of the legislative session, one highly anticipated proposal was not among them a plan to keep insurance companies in California even as the...
The Los Angeles Times – California lawmakers pass reforms to doctor discipline cases, giving patients a voice
By Melody Gutierrez, LOS ANGELES TIMES
https://www.latimes.com/california/story/2023-09-15/lawmakers-take-up-bill-to-overhaul-state-board-that-investigates-doctors#
When Angela Contreras complained to the state’s medical board last fall that a Long Beach doctor had left gauze in her brother’s abdomen during surgery, she waited — and waited — for the...
KABC-AM (Radio) – Los Angeles, CA: Insurance Industry is Using Wildfires as an Excuse to Raise Rates and Deny Coverage
By Staff Reporters, KABC – Los Angeles, CA
Click below to listen to the audio of this radio broadcast segment.
The Los Angeles Times – The scramble to fix California’s home insurance mess failed. Here’s what will happen next
By Sam Dean, LOS ANGELES TIMES
https://www.latimes.com/business/story/2023-09-14/newsom-homeowners-insurance-rates-coverage
New home buyers -- and people getting dropped from their existing coverage -- have had a tough time finding homeowners insurance this summer in California as more and more major insurers stop writing...
Black Information Network (1600am) – New York, NY: Possible Legislative Deal to Keep Insurance Companies from Fleeing the State Has Collapsed
By Staff Reporters, BIN – New York, NY
Click below to listen to the audio of this radio broadcast segment.
KMPH(FOX) – Fresno, CA: Insurance Industry’s Focus Will Now Shift to Insurance Commissioner Lara
Consumer watchdog called for a public transparent debate to address insurers pull outs from the home insurance market.
KPIX-SF (CBS) – San Francisco, CA: Deadline Passes for Insurance Legislation
Consumer advocates say that the deadline passing is a good thing, saying it essentially would have been a bailout for the industry that could have led to huge rate increases.
KNTV-SF (NBC) – San Francisco, CA: Insurance Limbo
Harvey Rosenfield, the author of prop 103, says the insurance industry is using wildfires as an excuse to raise rates or deny coverage and are threatening to leave the state to hold officials and the public hostage.
National Public Radio – U.S. Cable: Insurance Rates Are Up More Than 19%
By Staff Reporters, NPR – U.S.
Click below to listen to the audio of this radio broadcast segment.
KNX-AM (Radio) – Los Angeles, CA: Diving Into CA’s New Division of Petroleum Market Oversight
By Staff Reporters, KNX – Los Angeles, CA
Click below to listen to the audio of this radio broadcast segment.
National Public Radio – U.S. Cable: Insurance Companies are Making Most of Their Money by Investment of Our Premiums
By Staff Reporters, NPR – U.S.
Click below to listen to the audio of this radio broadcast segment.
East Bay Times – No deal reached to keep insurance companies in California; leaving crisis unresolved
By John Woolfolk & Julia Prodis Sulek, EAST BAY TIMES
https://www.eastbaytimes.com/2023/09/12/no-deal-reached-to-keep-insurance-companies-in-california-leaving-crisis-unresolved/#
A rumored legislative deal aimed at keeping home insurance companies from bailing on California is dead now that the deadline for a bill has passed. But a consumer group...
KTVU-SF (FOX) – San Francisco, CA: Insurance Bailout Deal Fails
https://www.youtube.com/watch?v=4QlGv7PkVWA
The insurance industry's efforts to pass a last minute bailout deal failed for this legislative session.
The San Francisco Standard – California Insurance Crisis: Lawmakers Fail To Pass Bill Aimed at Luring Insurers Back
By Mathew Kupfer, THE SF STANDARD
https://sfstandard.com/2023/09/12/california-insurance-crisis-lawmakers-fail-to-pass-bill-aimed-at-luring-insurers-back/
Controversial efforts to pass a last-minute bill through the California Legislature to ease the state’s home insurance crisis have failed, according to the advocacy organization Consumer Watchdog.
Legislators were unable to submit the little-understood...
KGO-SF (ABC) – San Francisco, CA: Insurance Legislation Efforts
The industry wants three main changes, rate increases without divulging data shifting high risk insurance costs from insurance companies to policyholders and charging consumers for what is now considered normal business expenses.
Insurance Business – California insurance bailout plan sparks outcry from advocacy groups
Groups say plan is being "rushed through in secrecy"
By Mika Pangilinan, INSURANCE BUSINESS
https://www.insurancebusinessmag.com/us/news/breaking-news/california-insurance-bailout-plan-sparks-outcry-from-advocacy-groups-459198.aspx
A coalition of consumer, environmental, and economic justice organizations is sounding the alarm on what they describe as a secretive wildfire insurance deal that could lead...
Politico – California tries for a different path than Florida on insurance
State officials trying to figure out how to stem the exodus of property insurers from wildfire-prone areas are looking with trepidation at hurricane-ravaged Florida.
By Camille Von Kaenel, POLITICO
https://www.politico.com/news/2023/09/09/california-florida-disaster-insurance-00114859
SACRAMENTO, Calif. — Floridians are furious at their elected officials for...
KNX-AM (Radio) – Los Angeles, CA: California’s Wildfire Crisis Has Triggered an Insurance Crisis
By Staff Reporters, KNX – Los Angeles, CA
Click below to listen to the audio of this radio broadcast segment.
KCBA (FOX) – Monterey, CA: Insurance Lobbyists and CA Lawmakers Are Trying to Strike a Deal
Consumer advocates fear the rates would skyrocket even more than they already have.
KTTV-LA (FOX) – Los Angeles, CA: California Home Insurance Crisis
Insurance companies sequenced these pullouts as a way of orchestrating a pressure scheme to get the legislature to act and they are trying to jam through literally a last minute deal that will put a lot more costs and premium increases on all homeowners in the state to finance the wildfire exposure for those people in the highest risk areas.
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