commercial insurance Archives

Bill Would Force Insurance Co. to Pay Coronavirus ‘Business Interruption’ Claims

July 23, 2020 5:02 pmJuly 23, 2020 8:56 pm

California Assembly members James Ramos (D-San Francisco) and Monique Limón (D-Santa Barbara) are pushing legislation that would force insurance companies to pay coronavirus-related “business interruption”claims they have been denying. AB 1552 would be retroactive to March 4 and would create...

California Orders Insurance Companies to Issue Refunds Over Coronavirus Concerns

April 13, 2020 4:11 pmApril 13, 2020 8:15 pm

On Monday, California Insurance Commissioner Ricardo Lara ordered all insurance companies operating in California to give either refunds or future credit on premiums paid during March and April due to a sharp decline of risk because of the effects of...