California Insurance Commissioner Ricardo Lara does not plan on taking any action against State Farm after the insurance giant announced it was no longer accepting applications for new home insurance policies last month.
Tag: CA insurance commissioner
State Says Auto Insurers Overcharged Californians by Millions During COVID Slowdown
Auto insurers have been overcharging California motorists by hundreds of millions of dollars since the COVID-19 pandemic began, the state’s insurance commissioner charged Thursday. Commissioner Ricardo Lara said the steep drop in the number of miles driven has greatly reduced the number of accidents and claims paid by insurers. Lara ordered insurers last year to… Continue reading State Says Auto Insurers Overcharged Californians by Millions During COVID Slowdown
What Did California Do to Shock Insurance Customers?
The Ongoing Crisis As the nationwide restrictions related to the outbreak of COVID-19, commonly known as the coronavirus, move further into their second month, families across the country are feeling the pinch. With unprecedented numbers of people staying home and not working due to the federal and statewide guidelines, many groups are pushing for financial… Continue reading What Did California Do to Shock Insurance Customers?