Page 24 - Insurance Code News Today

Thursday, March 4, 2021 Thomas Guastello v. AIG Specialty Insurance Company, — Cal.Rptr.3d –, 2021 WL 650878 (Cal. Ct. App., Feb. 19, 2021), Fourth Appellate District Court of Appeal, Case No. G057714. Various stakeholders in the Pointe Monarch housing development in Dana Point, California, accused subcontractor C.W. Poss Inc. (“Poss”) of negligently designing and constructing retaining walls.  One such party, Thomas Guastello, sued Poss for damage to a perimeter wall in the ...

To embed, copy and paste the code into your website or blog: As evidenced by the unprecedented arctic weather last week and the resulting fallout, emergency construction services are essential. Freezing temperatures, hurricanes, tornadoes and other natural disasters lead to a high demand for remediation and reconstruction services. Contractors are often best positioned to provide the necessary emergency construction services to rebuild businesses, residences and communities. Emergency contracto...

Tuesday, February 23, 2021 On February 18, 2021, California Insurance Commissioner Ricardo Lara announced a revision to proposed regulations regarding the use of affinity groups in insurance rating. The commissioner will hold a virtual workshop on the revised draft on March 23, 2021, at 1:00 pm PDT to give stakeholders another opportunity to comment on the proposal. The commissioner explained that the purpose of the regulations is to require insurers to give greater access to auto i...

Thursday, February 18, 2021 Under new rules put forth by the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law and adopted by the Michigan legislature in 2018, Michigan-based insurance licensees are now subject to additional requirements relating to data security as of Jan. 20, 2021. The new rules are codified as chapter 5A of the Insurance Code (the "Act") and focus on regulating "licensees," which are defined as "any licensed insurer or prod...

To print this article, all you need is to be registered or login on Mondaq.com. Originally Published in Chambers Insurance & Reinsurance Guide 2021: Bermuda This guide provides the latest information on sources of insurance and reinsurance law, insurance and reinsurance regulatory bodies and legislative guidance, overseas-based insurers or reinsurers, M&A activity relating to insurance companies, alternative risk transfer (ART) transactions and insurtech developments. 1....

California’s New Mini-CFPB Law Largely Parallels Its Federal Cousin By Brian Casey and Jon Gillum | February 5, 2021 California recently adopted significant amendments to its financial code, resulting in what is now known as the California Consumer Financial Protection Law (CFPL), or colloquially as the California “mini-CFPB” Act. The California CFPL substantially mimics the federal Consumer Financial Protection Act, which was a key part of the 2010 Dod...

To embed, copy and paste the code into your website or blog: On January 5, 2021, the California Department of Managed Health Care (DMHC) issued an All Plan Letter regarding the newly passed California Senate Bill 855 (Wiener, Stats. 2020, ch. 151 § 2) (SB 855). 1 SB 855 became effective on January 1, 2021. It amends the California Health and Safety Code and Insurance Code to expand state coverage requirements for mental health and substance use disorder services, and it requires health plans a...

01/15/21 WorkersCompensation.com Ventura, CA (WorkersCompensation.com) - Acting District Attorney Cheryl M. Temple announced today that Perry Adam Lieber (DOB 4/23/86), of Santa Barbara, was sentenced to 90 days in jail and 24 months of felony probation after pleading guilty to felony workers compensation fraud in violation of Insurance Code section 1871.4(a). Lieber previously admitted that he made false material statements for the purpose of obtaining disability and other benefits to which h...

More By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. Consumers Benefit From New Initiatives The New Year brings new protections for California consumers, as six laws sponsored by Insurance Commissioner Ricardo Lara and the California Department of Insurance went into effect on Jan. 1, 2021. “These new laws will help future wildfire survivors recover faster and defend the rights of ...

California Insurance Commissioner Ricardo Lara is taking steps to ensure transgender youth are not denied access to medical care by their insurance company. Lara announced Wednesday, December 30, that he had directed the Department of Insurance to issue a General Counsel Opinion Letter clarifying that under existing California law, health insurance companies may not deny coverage for male chest reconstruction surgery for female-to-male patients undergoing gender-affirming care for gender dyspho...