Harper’s job used to be to find good policies on home and auto plans for his clients. Now he breaks bad news: Rates are going up, coverage has been cut, and policies have been canceled.
Tag: CA auto insurance
California Regulators Grant Auto Rate Hikes Up to 31%; 75 Requests Still Pending
California regulators are approving strong private passenger automobile insurance rate increases, with a significant number in the 21% to 31% range.
California Threatens Penalties Over Insurers’ Stalling Tactics Against Auto Insurance Buyers
California’s insurance commissioner is warning of a possible crackdown against insurers that fail to offer and sell auto insurance to the state’s good drivers.
State Farm Gets Biggest Bump as California Approves More Auto Rate Hikes
State Farm Mutual Automobile Insurance Co. was the biggest beneficiary of California regulators approving more personal auto rate hikes in the first quarter.
Insurance Agents to CA Commissioner Lara: Lift Auto Rate Moratorium
Every day, insurance agents work directly with California consumers, many of whom are struggling financially. They are uniquely placed to discuss the current state of the industry as well as the impact of Insurance Commissioner Lara’s decisions on California consumers. Consumers are now complaining to agents, and they are forcing them to act. Commissioner Lara’s… Continue reading Insurance Agents to CA Commissioner Lara: Lift Auto Rate Moratorium
CA Commissioner Lara Sees “Disturbing” Disparities in Auto Insurance Discounts for Millions of Drivers
The California Department of Insurance has released data showing wide socioeconomic disparities in auto insurance group discounts offered to millions of state drivers. The investigation illustrates that many affinity groups disproportionately and adversely affect drivers residing in ZIP codes with lower per capita incomes, lower levels of educational attainment, and larger communities of color. Some… Continue reading CA Commissioner Lara Sees “Disturbing” Disparities in Auto Insurance Discounts for Millions of Drivers