Tag: Commissioner Dave Jones

California auto insurance rates will no longer factor gender for premiums calculations

G. Turner
California auto insurance rates - man holding car key

At the start of the new year, outgoing Commissioner Dave Jones banned insurers from using gender. Outgoing California Insurance Commission Dave Jones banned the use of gender to calculate California auto insurance rates. This ban went into effect on January 1, 2019. The ban applies to rate setting for passenger cars throughout the state with the highest population. The ban on using gender to calculate California auto insurance rates does not represent the first time a rule of this nature was put into place. That said, this remains an impactful…

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California wildfire insurance losses have reached $3.3 billion and continue to rise

Nordstrom
california wildfire insurance

A new report from the state Department of Insurance released figures based on claims reported by 15 insurers. The losses faced by California wildfire insurance companies continue to rise as the figure has now broken the $3.3 billion mark. That number was revealed by the California Department of Insurance and is based on the claims data reported by 15 insurers in the state. That figure only represents the current losses faced by the insurers but the total for the year will only get higher. That data is based on California…

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State Farm insurance rates will soon be slashed, judge’s orders

Nordstrom
State Farm Insurance rates Logo And Exterior

California Insurance Commissioner Dave Jones supports the judge’s decision to reduce premiums. State Farm insurance rates in California may soon be on their way down following a judge’s ruling. That said, homeowners, condo and renters insurance policyholders will need to wait to know if they will also get refunds. That will depend on the outcome of a lawsuit. The judge ruled that State Farm is required to comply with a state order for reducing its rates. That same judge said that while State Farm insurance rates must be reduced, the…

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California Insurance Commissioner supports state-level public option

Nordstrom

As large insurers step out of many of the federal exchanges, the state is looking to lead the way with alternative options. California Insurance Commissioner Dave Jones supports a new state-level strategy that could enhance health insurance marketplace competition. The intention is to implement a public option within the state which could possibly make California a guinea pig for launching similar ideas in the rest of the country. “I think we should strongly consider a public option in California,” said Jones. California Insurance Commissioner Jones explained that the state is…

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California earthquake insurance discount program unveiled

H. Cutner
Earthquake Insurance

The state has revealed a plan in the attempt to broaden tremor coverage among its property owners. Many experts feel that the next big tremor is well overdue and yet the vast majority of homeowners in San Diego County do not have the necessary California earthquake insurance to protect them in case it should actually hit. It is estimated that 85 percent of homes in that region do not have the right coverage for a quake. This week, the state’s commissioner, Dave Jones, joined others in the industry in order…

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