Tag: California Insurance

Insurance company sues California commissioner

G. Turner
unitedhealth health insurance company

UnitedHealth Group has now filed a lawsuit with the intention of blocking a fine of $173 million. In order to try to stop itself from having to pay a $173.6 million fine as a result of an acquisition that went awry, the UnitedHealth Group insurance company has now sued the California insurance commissioner. The filing of the lawsuit was at the Orange County Superior Court near the end of last week. According to the insurance company, which is headquartered in Minnesota, the California commissioner, Dave Jones, is doing little more…

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Homeowners insurance fraud scheme in California sells fake policies in fire risk areas

H. Cutner
homeowners insurance fraud

There has been a vicious rash of bogus coverage sales as property owners desperately seek new protection. According to a recent homeowners insurance news release by the California Department of Insurance, yet another arrest has been made as property owners in areas at a high fire risk have fallen victim to a fake policy scam. The report identified 57 year old Dean Joseph Basler of Ventura as the latest embezzler. It stated that the Ventura County Sheriff had arrested Basler following a homeowners insurance investigation conducted by the Department of…

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Legislation in California raises questions about health insurance coverage

S.Vagus
California Health Insurance

Regulations targeting insurance rates could put Covered California in a precarious position New regulations targeting health insurance rates in California are raising questions about the state’s insurance exchange, Covered California. The Insurance Rate Public Justification and Accountability Act is set to be included on the November ballot. If approved by voters, it would go into effect on November 5 this year, 10 days before the state’s insurance exchange begins its second open enrollment period. The legislation would have an impact on the cost of the policies sold through the exchange, but…

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Rideshare insurance effort grows in California

G. Turner
rideshare auto Insurance accident crash

The state is working to boost the coverage requirements for companies such as Lyft and Uber. California may soon require that rideshare insurance minimum coverages be considerably higher than they currently are, in order to give greater protection to riders as well as to make liability a great deal clearer when accidents do occur. A recent proposal would change the current regulations to a minimum of $1 million in coverage. The proposal was created by the California Public Utilities Commission (CPUC) and would require rideshare insurance to be comprised of…

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Health insurance in California to be affected by Insurance Commissioner race

S.Vagus
Dave Jones California insurance commissioner insurance industry rates

Dave Jones fights to keep his position as the state’s Insurance Commissioner California is currently searching for a new Insurance Commissioner and the state’s incumbent, Dave Jones, is facing some serious opposition. Jones has become a regulatory powerhouse over the past few years, using his authority to hold the state’s insurance companies to a higher standard. Jones has won support for being an enthusiastic consumer advocate, but he has also made enemies within the insurance industry due to his aggressive stance on regulation. More aggressive regulations could keep insurers in…

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