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In 2018, California passed a mandatory one-year moratorium on non-renewals for residential insurance policies. If your area qualifies, your insurance company cannot drop your coverage.
Proposition 103, titled Insurance Rate Reduction and Reform Act, was a California ballot proposition voted on in the 1988 California General Election. It passed with 51% of the vote on November 8, 1988. [1] Proposition 103 expanded the regulatory capacities of the California Department of Insurance, especially in property and casualty insurance.
A home insurance adjuster handles claims for the insurance company or policyholder. Their job is to verify the claim details, investigate the loss, look at the damage and estimate repair costs.
Insurance bad faith is a tort [1] unique to the law of the United States (but with parallels elsewhere, particularly Canada) that an insurance company commits by violating the "implied covenant of good faith and fair dealing" which automatically exists by operation of law in every insurance contract.
The California Insurance Equality Act (AB 2208) [1] [2] is a state law that requires California insurance providers and managed care plans to provide coverage for registered domestic partners that is equal to spousal coverage. [3]
Under Prop 103, insurance companies are required to submit rate increases in excess of 7 percent for approval by the California Department of Insurance. Like any process that involves government ...
The California insurance commissioner has been an elected executive office position in California since 1991. Prior to that time, the insurance commissioner was appointed by the governor. The officeholder is in charge of the California Department of Insurance. The current insurance commissioner is Democrat Ricardo Lara.
Months after California's home insurance market was rattled by major companies pausing or restricting their coverage, the state's top regulator said Thursday that he would write new rules aimed at ...