Controversy Arises in California Insurance Over Consumer Watchdog’s Eligibility The American Property Casualty Insurance Association (APCIA) has issued a statement against Consumer Watchdog following a recent development that has sparked significant controversy within the insurance industry. Consumer Watchdog, a nonprofit organization, was deemed eligible to receive compensation in California Department of Insurance proceedings as an intervenor for the next two years. This decision came despite numerous concerns raised by both the insurance industry and government officials regarding the group’s role and effectiveness. Industry Concerns Raised Questions have emerged about how…
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California Insurance Market Seeks Solutions Amid Homeowner Policy Crisis
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…
Read MoreCalifornia RV insurance policies soar after another year of top sales and rentals
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…
Read MoreCalifornia auto insurance refunds expected as insurers pay back pandemic windfall profits
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.…
Read More#1 Way to Immediately Increase Agency Book of Business
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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