California Prohibits Auto Insurers From Considering Gender When Setting Prices

Article 0 Comments Consumer groups applauded the outgoing California insurance commissioner for adopting regulations to prohibit gender use in auto insurance pricing in California. Outgoing California Insurance Commissioner Dave Jones issued an order to put into effect rules which the groups say will lower premiums charged to women in California […]

California Supreme Court Upholds Commissioner’s Regulatory Actions Against PacifiCare

Article 0 Comments The California Supreme Court let stand an appeals court decision upholding California Insurance Commissioner Dave Jones’ Fair Claims Settlement Practices Regulations, paving the way for millions of dollars in fines. The decision ends years of legal wrangling over the regulations that implement the Unfair Insurance Practices Act, […]

California Commissioner: Impact of COIN Investments Estimated to Reach $29B

Article 0 Comments California Insurance Commissioner Dave Jones on Thursday issued a report today detailing the progress of the California Organized Investment Network during his administration. COIN is a program within the California Department of Insurance that sources and structures investments for insurers that are designed to be financially sound […]

Most Insurers to Increase Payments to California Wildfire Victims Without Itemization

Article 0 Comments California Insurance Commissioner Dave Jones said this week that most insurers were following a notice he issued requesting that residential property insurers provide at least 75 percent and up to 100 percent of contents coverage limits for wildfire victims who experienced a total loss without the requirement […]

California Commissioner Pushing Insurer Fossil Fuel Divestment to The End

Article 0 Comments California Insurance Commissioner Dave Jones continues to push the fossil fuel divestment hot button right to the end of the year and his tenure as the state’s head insurance regulator. Jones this week released the most recent data on oil, gas, coal and utility investments by insurers, […]

California Hits 2 Companies with $4.3M Fine for Improperly Selling Workers’ Comp

Article 0 Comments California Insurance Commissioner Dave Jones on Wednesday imposed a $4.3 million penalty on American Labor Alliance and CompOne USA for selling workers’ compensation and liability policies to employers of farmworkers without being properly licensed with the California Department of Insurance. The penalty follows a cease and desist […]

California Commissioner Wants Insurers to Waive Inventory Requirement for Wildfire Victims

Article 0 Comments California Insurance Commissioner Dave Jones is asking residential insurers to pay at least 75 percent and up to 100 percent of personal property or contents coverage in the event of a total loss without requiring policyholders to provide detailed personal property inventories to help victims of the […]

Survey from Regulator of Largest U.S. Insurance Market Shows More Coal Divestment by Insurers

Article 0 Comments California Insurance Commissioner Dave Jones on Thursday revealed he’s had some success with his 2018 Climate Risk Carbon Initiative Coal Divestment Follow-Up Survey. Jones said the results of the survey reflect an increase in the number of insurers that divested or are committing to divest from thermal […]

California OKs $16.3M Rate Reduction for Earthquake Policyholders

Article 0 Comments California Insurance Commissioner Dave Jones has approved a rate reduction for California Earthquake Authority residential earthquake policyholders that he says will bring millions of dollars in premium savings for 10s of thousands of homeowners and renters in the state. Jones and the California Department of Insurance worked […]

California Insurance Commissioner Reduces Workers’ Comp Pure Premium

Article 0 Comments California Insurance Commissioner Dave Jones on Wednesday issued a revised advisory workers’ compensation pure premium rate, lowering the benchmark to $1.63 per $100 of payroll effective Jan. 1, 2019. Jones has reduced the advisory pure premium rate by about 42 percent since January 2015, when he approved […]