Tag: California auto insurance companies

California agents seek an end to the auto insurance rate moratorium

G. Turner
Auto insurance - Woman and Man with arms crossed

A group representing the agents says it is having a negative impact in the state. A California auto insurance group has become quite vocal about their opinion against Commissioner Lara’s recent rate moratorium. According to the agents, the commissioner’s moratorium is negatively impacting state consumers. The American Agents Alliance has stated that they are opposed to Lara’s auto insurance rate moratorium in California. The alliance is based in Sacramento, California, and is an association of professionals in the insurance industry. “Commissioner Lara’s Rate Moratorium and his refusal to process automobile…

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Auto insurance companies won’t be raising rates in California

H. Cutner
Auto insurance companies - Car insurance

Rate increase approvals haven’t been approved in over two years, and that is continuing. According to leading auto insurance companies and associations in California, the state is risking a coverage crisis in the largest market in the country because it continues to deny rate increases. Insurers haven’t been able to raise their rates in California since before the pandemic began. The auto insurance companies have already been making cutbacks and have said that they won’t be able to continue operating at a loss in this way. They have pointed to…

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CFCEF petitions California auto insurance companies to lower rates or issue refunds

Nordstrom
California auto insurance companies - Truck on road in California

Non-profit consumer advocate, Consumer Federation of California Education Foundation launched the action. The Consumer Federation of California Education Foundation (CFCEF) has petition the state insurance commissioner to require California auto insurance companies to reduce their rates, issue credits, or issue refunds. The CFCEF says that insurers in the state have been making massive profits at the expense of drivers. The CFCEF’s petition accused California auto insurance companies of “making windfall profits” as a result of the stay-at-home requirements in the state. Those orders were made on March 19, keeping millions…

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New California legislation changes rules for unlicensed drivers

Julie Campbell

A new bill has been signed into law by California Governor Jerry Brown, banning local police agencies at sobriety checkpoints from being able to continue to impound vehicles when they discover that a driver does not have a license. The reason for this decision is that impounding a vehicle can come with a very high price tag, especially when they can last as long as a full month. California Watch, an investigative reporting website, noted that for every impounded car, “up to $2,000 in fines and fees” is generated. However,…

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