INSURASALES

Tag: California Insurance

California Auto Insurance Case Challenges Marital Status Discrimination

California Court of Appeal reviews case on marital status discrimination in auto insurance premiums under Proposition 103 and civil rights laws.

California Proposal to Repeal Key Insurance Regulation: Prop 103 at Risk

A California ballot initiative aims to repeal Proposition 103, which has regulated property and casualty insurance for decades. The change could impact premium approvals, market stability, and wildfire risk policies.

AM Best Revises Outlook to Stable for California Insurance Company and Affiliates

AM Best revises outlook to stable for California Insurance Company and affiliates, affirming strong financial strength and governance improvements amid ongoing legal dispute.

Protective and West Coast Life Settle $80M CA Life Insurance Lapse Suit

Protective Life and West Coast Life settled an $80M California class action alleging failure to follow lapse notification laws for nonpayment of life insurance premiums.

California Realtors Form Insurance Task Force to Tackle Homeowner Coverage Crisis

California Realtors organize an Insurance Task Force to address homeowner insurance availability and affordability challenges in fire-prone areas, aiming to provide policy recommendations to state authorities.

California's Property Insurance Market Faces Ongoing Wildfire Risks and Reform Needs

California's property insurance market is under strain from wildfire losses, prompting urgent calls for regulatory reform and new risk management strategies to ensure market stability and affordability.

State Farm Receives Interim Approval for 17% California Home Insurance Rate Hike

State Farm obtains interim approval for a 17% rate increase on California home insurance policies due to wildfire claims and shrinking surplus. Further hearings will assess final rate legality and consumer protections.

California Approves 17% Emergency Rate Hike for State Farm Home Insurance

California Department of Insurance approves a 17% emergency home insurance premium increase for State Farm to stabilize finances post-LA wildfires. Rate hikes affect 1M homeowners and reflect broader wildfire insurance challenges.

California Class Certification Granted in Good Driver Rate Lawsuit

California court certifies class in lawsuit against insurers for failing to offer lowest rates to good drivers, involving National General subsidiaries and over 900,000 consumers.

Tahoe Donner’s Forest Management Leads to Novel Wildfire Insurance Policy

Tahoe Donner Association secures a $2.5M wildfire insurance policy linking premiums directly to decades of active forest management, setting a precedent for wildfire risk pricing.