Live Insurance News

Auto insurance program in California reduces rates again

July 10, 2013July 8, 2013 Julie Campbell

The state department announced that for the second year in a row, it would be shrinking the price of coverage. The California Department of Insurance (CDI) has just revealed that it will be lowering the California Low Cost Auto Insurance Program (CLCA) rates yet again for a second year in a row. The premiums are exceptionally low within this program, making it easier for certain good drivers to obtain coverage. Annual auto insurance premiums for drivers within this program typically range between $226 to $338. It is available for good…

Aetna to pull out of individual health insurance market in California

June 17, 2013June 17, 2013 Logan B.

Aetna bows out of individual health insurance market Health insurance has proven to be a divisive subject in the U.S. The federal Affordable Care Act has introduced many changes to the health insurance field, but it is to the extent that some states are taking health care reform that may be causing significant trouble for businesses. While the Affordable Care Act has introduced a variety of stringent regulations, states are also encouraged to adopt their own regulations and make reforms that would align better with the federal law. In California,…

Homeowners insurance rate challenge partially lost by Mercury

May 13, 2013May 25, 2013 H. Cutner

The insurer has failed to win a segment of its ongoing legal challenge in California. Mercury Insurance Group, the massive company serving California, has just lost a segment of its ongoing homeowners insurance rate legal challenge that it made against an order from state regulators. The petition to delay the decrease in the insurer’s rates which had been ordered upon them was rejected. The insurer lost their petition for the homeowners insurance rate decrease delay in the Sacramento Superior Court. The result will be that approximately 270,000 residents of California…

Health insurance refund checks circulating throughout California

March 7, 2013March 6, 2013 Logan B.

Fake checks being issued to health insurance consumers Reimbursement checks from the California Department of Insurance have been circulating throughout the state. Many of these checks are in regards to health insurance, offering consumers refunds for their coverage or to help cover the cost of their health insurance policies. The checks have come as a surprise to many consumers throughout the state, also raising suspicion as the Department of Insurance had not informed consumers that they would be receiving these checks in any way. Insurance Commissioner Dave Jones has announced…

Health insurance proposal could make coverage more expensive in California

February 27, 2013February 26, 2013 Logan B.

New proposal could make health insurance premiums spike A new proposal facing the California Legislature could split the state into six new financial regions that could have a profound impact on the cost of health insurance throughout the state. While state lawmakers have been working to make insurance coverage more affordable, the proposal may derail these efforts by making coverage considerably more costly for many consumers, according to the state’s Department of Insurance. Insurance Commissioner Dave Jones warns that introducing these new zones could make coverage nearly unattainable for a…