California auto insurance investigating premiums discrimination

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The state Department of Insurance launched an investigation into the factors used to calculate rates. The California auto insurance industry may soon be changing the way its rates are calculated in order to reduce discrimination against drivers from minority neighborhoods. The California Department of Insurance launched an investigation into the practices of eight auto policy providers in the state. The investigation is meant to decide whether the insurers are discriminating against people in minority neighborhoods. The California auto insurance rate investigation was launched in response to an article published on…

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Report: Arizona consumers to receive health insurance rebates

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Affordable Care Act brings refunds to Arizona The future of the Affordable Care Act may be uncertain, but for now it is bringing some degree of financial benefit to consumers throughout the country. A new report from Consumers Union, a non-profit testing and information organization shows that Arizona insurance consumers can expect to see refunds this year, thanks to the health care law’s medical loss ratio (MLR) provision. According to this provision, health insurers are required to spend no less than 80% of the money they collect from premiums toward…

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