Tag: california economy

California insurance could drive the economy in the long term

G. Turner
health care reform rebate money

Reports are showing that consumer spending is down, but subsidies could free up more cash. According to some of the latest reports – including those released by the largest retailer in the world, Walmart and the largest online retailer, Amazon – lower and middle income families have been cutting down on their spending, but at the same time, the changes made by the health care reforms could, in theory, help to use California insurance to boost the economy in the state. The reason is that the amount being paid for…

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Insurance companies in three states required to provide their response plans for climate change

The insurance commissioners for New York, California, and Washington state have announced that they will now be requiring insurers to disclose a climate change response plan that will outline the way in which they plan to respond to the changing risks that customers and businesses face as wildfires, severe storms, and rising sea levels become more common. Until now, those three states have asked only about a third of the larger insurance companies to provide information in the form of responses to a survey, but for all other insurers, it…

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