Tag: California Insurance

California Insurance Market Seeks Solutions Amid Homeowner Policy Crisis

Loreen
California insurance market health

California’s insurance landscape is poised for a substantial rewrite as authorities deal with the implications of devastating wildfires and market instability. With a pivotal public hearing on the horizon, Insurance Commissioner Ricardo Lara spearheads the effort to address the frustrations of both homeowners and insurers. The Plight of California Homeowners and Insurers Amid the ashes of devastating wildfires, Californian homeowners have faced soaring insurance premiums and widespread policy cancellations, driving the need for regulatory reform. A proposed overhaul by Commissioner Lara aims to streamline rate increase approvals and clarify regulations…

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California RV insurance policies soar after another year of top sales and rentals

Logan B.
California RV insurance - RVs

Motorhome travel is up by 143 percent, and this year’s season is only getting started. California RV insurance is experiencing a boon as recreational vehicles begin another popular season due to the pandemic’s impact on travel. Campers and road trippers are buying and renting these vehicles like never before. California RV insurance is among the states that have enjoyed some of the highest growth rates, as the state is already known for its outstanding views and spectacular camping and road tripping opportunities. The outdoor experience in the state simply lends…

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California auto insurance refunds expected as insurers pay back pandemic windfall profits

Marc
California auto insurance refunds - person with money

Insurance Commissioner Ricardo Lara puts a stop to the added profits insurers are taking in from COVID-19 changes. Millions of drivers are likely to receive additional California auto insurance refunds following Insurance Commissioner Ricardo Lara’s recent action to require insurers to pay back pandemic windfall profits. The commissioner received applause from consumer advocate and economic ethics groups. The Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) both applauded Lara for his decision to send pandemic windfall profits back to consumers through further California auto insurance refunds.…

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#1 Way to Immediately Increase Agency Book of Business

Angela Linders
Increase book of business learn spanish

Allstate Santa Clarita insurance agent Kimberley Ellison understands that communication is key. Santa Clarita insurance agent Kimberley Ellison knows that the key to growing an agency book of business isn’t in gimmicks and marketing ploys.  It’s in communication. This Allstate agent is an active member of her community and encourages her team to be the same. As such, Ellison has come to know the shape of her community, understanding that the population she serves as a Santa Clarita insurance agent is 28 percent Hispanic. What does this mean in terms…

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After California Department of Insurance investigation Libre must face $5.5M settlement

G. Turner
California Department of Insurance - judge gavel

The company will also bring to an end its transaction of immigration bonds within the state. Following an investigation by the California Department of Insurance, Libre will be facing a $5.5 million settlement, will stop transacting immigration bonds within the state, phase out its GPS ankle monitor use, and will issue credits to the clients who remain in arrears. The firm must also provide $420 in individual cash credits to clients who are not in an owing position. Beyond that, the settlement resulting from the California Department of Insurance (CDI)…

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