Insurance Reform
Lara and Levine Spar Over Fossil Fuel Disclosures
By Colby Bermel, POLITICO PRO
April 18, 2022
https://subscriber.politicopro.com/article/2022/04/lara-and-levine-spar-over-fossil-fuel-disclosures-00026099?source=email
A new fossil fuel investments disclosure tool unveiled Monday by Insurance Commissioner Ricardo Lara won out over a competing legislative proposal from his...
Allstate “Systemically Overcharging” Customers
By Lyle Adriano, INSURANCE BUSINESS MAGAZINE
February 2, 2022
https://www.insurancebusinessmag.com/us/news/breaking-news/allstate-systemically-overcharging-customers-324020.aspx
Court documents recently filed with a California administrative law judge reveal that both the state insurance regulator California Department of Insurance (CDI)...
Newly Public Documents Allege Allstate Overcharged Loyal California Customers $1 Billion
By Aaron Sankin, THE MARKUP
February 1, 2022
https://themarkup.org/allstates-algorithm/2022/02/01/newly-public-documents-allege-allstate-overcharged-loyal-california-customers-1-billion
A pair of newly public documents filed with a California administrative law judge show experts accusing the company of systematically overcharging customers it...
New Evidence Reveals That Commissioner Lara and Top Staff Hid Communications About Meetings With Workers’ Compensation Insurer At Heart of Pay-to-Play Scandal
Los Angeles, CA – Despite attempting to conceal it, Insurance Commissioner Ricardo Lara and top lieutenant Bryant Henley communicated with two former lawmakers representing a workers’ compensation insurer at the...
Insurance Companies Overcharged Californians by $Billions During the Pandemic – Here’s How to Get it Back
Los Angeles, CA - Insurance companies have overcharged Californians by billions of dollars since the COVID-19 lockdowns began in March 2020, sixteen months ago. Today, in a letter to...
Travel Insurance: Is It Worth It?
When Covid-19 hit, travel insurance didn’t help many travelers recover the cost of their canceled trips. What, then, were they paying for?
By Elaine Glusac, THE NEW YORK TIMES
June 17,...
Assembly Insurance Committee Approves Bills to Let Insurers Raise Homeowners’ Rates By Skirting Price-Gouging Protections
Sacramento, CA – The Assembly Insurance Committee voted today to allow insurance companies to raise rates on homeowners and renters in violation of voter-approved Proposition 103. The bills would force unjustified insurance rate...
Insurance Commissioner Ricardo Lara Sued for Failure to Provide Public Records of Dealings With Insurance Executives in Pay-to-Play Scandal
Los Angeles, CA -- A non-profit consumer group filed a lawsuit to compel California Insurance Commissioner Ricardo Lara and the Department of Insurance to hand over records of Lara’s...
Pacific Specialty Insurance Company To Cut California Homeowners And Renters Insurance Rates By Over $800,000
Consumer Watchdog’s Challenge Using Prop 103’s Consumer Participation Process Leads To An Overall 3.1% Rate Decrease
Los Angeles, CA -- As a result of Consumer Watchdog’s challenge to Pacific Specialty’s...
Report: Salaries at California State Fund Being Questioned
By Staff Writers, INSURANCE JOURNAL
January 6, 2020
https://www.insurancejournal.com/news/west/2020/01/06/553686.htm
Salaries at California’s State Compensation Fund are being called into question by some people in the state Capitol, it’s being reported.
State Fund recruited...
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