Auto insurance companies have been criticized for their refunds to customers that were based on the reduction in driving (and claims) during the pandemic. Now they’re feeling even more heat over their handling of auto insurance premiums. In one of the latest salvos, California Insurance Commissioner Ricardo Lara demanded that auto insurers report by April… Continue reading Scrutiny Intensifies Over Auto Insurance Pandemic Refunds
Tag: COVID auto insurance
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