California Department of Insurance – Page 2

Allstate To Raise California’s Car Insurance Costs By 30%

February 15, 2024 12:57 pmFebruary 15, 2024 12:57 pm

Illinois-based insurance provider Allstate announced on Wednesday that car insurance prices in California would be going up by an average of 30%, becoming the latest such insurance company to significantly raise auto insurance rates in the state. Major insurance changes...

More Layoffs Coming in California’s Insurance Industry Without Reform

September 12, 2023 2:54 pmSeptember 12, 2023 2:54 pm

San Francisco might not be the only California colossus in a so-called “doom loop.” The property and casualty insurance market is experiencing a crisis of its own, and the consequences are dire for the entire state economy. Here’s one recent...

Insurance Commissioner Must Act Now to Prevent Coverage Crisis

February 27, 2023 3:01 pmFebruary 27, 2023 3:12 pm

We’ve run a family-owned, independent insurance agency for more than 50 years. Those of us in the insurance business know that when customers come to us for insurance what they’re looking to buy is security. In the California market today,...

Gov. Newsom Signs Extreme Heat Warning and Ranking System Bill into Law

September 10, 2022 2:30 amSeptember 9, 2022 9:19 pm

Governor Gavin Newsom signed a bill into law on Friday that will create an extreme heat warning and ranking system in California. Assembly Bill 2238, jointly authored by Assemblywoman Luz Rivas (D-North Hollywood) and Assemblyman Eduardo Garcia (D-Coachella), will create...

GEICO Closes All 38 Offices In California

August 2, 2022 2:30 amAugust 2, 2022 6:22 am

GEICO, one of the largest insurance companies in the United States, reportedly closed all 38 of it’s California offices on Monday, resulting in hundreds of workers being laid off. According to the company, GEICO would not be leaving outright, and...

Bill To Create Extreme Heat Warning and Ranking System in CA Moved to Suspense File

May 6, 2022 2:30 amMay 5, 2022 8:34 pm

A bill to create an extreme heat warning and ranking system in California was moved to the suspense file on Wednesday following consideration in the Assembly Appropriations Committee. Assembly Bill 2238, jointly authored by Assemblywoman Luz Rivas (D-North Hollywood) and...

Insurance Commissioner Ricardo Lara Issues Notice Calling For Insurance Companies To Divest From Russia

March 15, 2022 2:32 amMarch 14, 2022 9:32 pm

Insurance Commissioner Ricardo Lara became the latest California lawmaker to push for Russian asset and property investment on Monday, issuing a notice to all insurance companies in the state to divest from Russia soon due to the ongoing Russian-Ukrainian war....