California Insurance Commissioner Dave Jones seeks more insurer fossil fuel divestment

California insurance commissioner fossil fuel divestment - coal

Jones is pushing forward with this initiative as he simultaneously releases new oil, gas and coal data. California Insurance Commissioner Dave Jones is driving ahead in his effort for fossil fuel divestment. This hot button move is continuing forward right up to the close of 2018 and his position at the top of the state’s insurance industry regulator. Last week, Jones released the most recent data regarding insurance company investment into fossil fuels. With the release of that data, the California Insurance commissioner brought the new fossil fuel disclosures into…

Read More

Insurance industry diversity gets a shot in the arm from the California commissioner

California insurance industry diversity

Dave Jones issued a letter urging CEOs to boost the diversity on their governing boards. California insurance industry diversity just received additional official support through a letter from Commissioner Dave Jones. In his letter, Jones addressed the CEOs of at least fifty insurance companies operating in the state. He urged those CEOs to encourage improved diversity on their governing boards. The letter underscored the impact a company’s board room diversity has on financial performance. The insurance industry diversity letter also requested that each insurer either disclose its intentions to form…

Read More

Dave Jones wants more entries to the California marijuana insurance market

California marijuana insurance - Marijuana plant

The California Insurance Commissioner has called on insurers to help fill coverage gaps in this marketplace. Insurance Commissioner Dave Jones recently called on insurers to take part in the California marijuana insurance market. The goal is to help to fill the coverage gaps that exist among businesses seeking to grow and distribute this drug. California state law says that medical marijuana is legal, though federal law still considers it illegal. Jones’s announcement was made at the same time that a new workers’ compensation insurance program was launched. Atlas General Insurance…

Read More

California Insurance Commissioner Seeks to Stop CVS Merger with Aetna

California Insurance Commissioner want to stop merger - Stop Sign

The state’s stop insurance official has asked the Department of Justice to block the merger. California Insurance Commissioner Dave Jones is urging the U.S. Justice Department to stop CVS Health from merging with Aetna. Such a merger would “have significant anti-competitive impacts on American consumers and health care and health insurance markets,” said Jones. The Californian regulator cannot stop the deal, but he can use his sway with the D.O.J. Even though the California Insurance Commissioner does not have the authority to stop a merger between the companies by way…

Read More

California health insurance regulators launches investigation into Aetna

Short Term Health Insurance - Regulators

The insurer’s coverage practices will be examined by the two different state departments. Two California health insurance regulators have stated their intentions to investigate Aetna’s coverage decision processes. This examination of the insurer is a result of a lawsuit filed by a Californian man. The man filed the lawsuit against the country’s third largest insurance company, alleging improper care denial. The two California health insurance regulators will conduct the investigation in order to help determine whether or not Aetna’s decision processes are acceptable. The opening arguments in the case were…

Read More

California lawmakers are attempting to improve natural disaster preparedness and response

california natural disaster preparedness insurance hollywood los angeles

The state has been plagued by different types of catastrophe over the last few months. The catastrophes in California over the last few months have been fatal to dozens of people, spurring natural disaster preparedness efforts among state lawmakers. Emergencies have been widespread and frequent, revealing a need to improve readiness and response strategies. Governor Jerry Brown and state lawmakers are seeking to change state regulations to improve disaster response. The various factors to be included in the state national disaster preparedness changes will include the emergency alert systems, insurance…

Read More

California cannabis business insurance is now more widely available

cannabis business insurance marijuana

Businesses working within the legal marijuana industry now have options for covering potential losses. The medical marijuana industry in California has struggled with a significant stigma and, until recently, cannabis business insurance opportunities have been few and far between. That said, coverage is now opening up for these companies who want to protect themselves against losses relating to their facilities, products, or other business related perils. This week, the California Insurance Commissioner, Dave Jones, released a statement to this extent. Jones explained that the California has approved the first cannabis…

Read More