California News

Calif. Commissioner Seeks Insurance Rate Review Authority

Calif. Insurance Commissioner Dave Jones has released draft guidance for Senate Bill 1163. The new law, which went into effect on Jan. 1, 2011, requires health insurers to provide detailed information regarding proposed premium increases and to submit a certification …

EPIC Launches National Public Entities Practice

California-based EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has created a national Public Entites Practice and team to deliver property and casualty risk management services, employee and executive benefits consulting and specialized risk …

Calif. City May Give Red Light Camera Fines to Charity

A Southern California city may donate red light camera fines to local charities in an effort to convince skeptics that safety is the motive behind the cameras, not a money grab. A recent red light camera study by the Insurance …

Farmers Buys Naming Rights to New Los Angeles Stadium

The Farmers Insurance Exchange has agreed to pay $700 million for the naming rights to the proposed downtown Los Angeles football stadium and event center, a deal backers say is a big step towards attracting an NFL team to the …

Liens Stress California Workers’ Comp System

Liens are “choking” California’s workers’ compensation system, with employers and insurers spending roughly $200 million per year on loss adjustment expense to handle medical liens claims, according to a new liens report. In the Golden State’s workers’ compensation system, a …

Sacramento Approves ‘Crash Tax’

The Sacramento City Council has adopted a city ordinance approving a “crash tax” on out of town automobile drivers. The “fire recovery charge” will impose a fee on out-of-town drivers who get into auto accidents in order to fund the …

CSE Insurance Launches Pay-As-You-Drive Program

Walnut Creek, Calif.-based CSE Insurance Group has filed a pay-as-you-drive auto insurance program with the California Department of Insurance. Upon approval, customers who take part in the SAVE program will be rewarded for driving fewer miles with lower auto insurance …

California Insurers Oppose ‘Crash Tax’

An ordinance up for consideration at tonight’s Sacramento City Council meeting is bad news for local businesses and is unfair to consumers that shop, work or visit the City of Sacramento, according to the Association of California Insurance Companies (ACIC). …

California To Enforce Health Insurer Spending Limits

California’s Office of Administrative Law (OAL) has approved state Insurance Commissioner Dave Jones’ request for an emergency regulation to give him the authority to enforce the 80 percent Medical Loss Ratio (MLR) in the individual market established under the Patient …

Medical Costs Drive Up Calif. Municipalities’ Workers’ Comp

Despite a decline in the number of job injury claims reported by California public self-insured employers last year, rising claim severity drove up total workers’ compensation costs for cities, counties and other public agencies in the state last year. The …