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Kreidler requests auto insurance claims and rebate data from insurers in Washington | Washington state Office of the Insurance Commissioner
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Farm Bureau Sponsored Wildfire Insurance Legislation Advancing
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Consumer Report Claims Insurers Overcharged California Motorists $5.5B During First Year of Pandemic June 29, 2021
The report shows auto insurers reaped “a windfall of about $5.5 billion.”
Insurance companies’ average return on net worth was more than twice what California law allows last year, according to the report.
Since April 2020, California Insurance Commissioner Ricardo Lara has issued four bulletins directing insurers to refund overcharges, and in March he set an April 30 deadline for companies to repay outstanding 2020 refunds.
Lara in March said insurers continued to overcharge drivers despite reduced risk of accidents during the pandemic.
Insurance companies were allowed to calculate for themselves what they owe. As a result, the top 15 auto insurance companies, representing 70% of the market, have only repaid roughly $1.9 billion for 2020, less than half of what they overcharged California consumers, the report shows.
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Central Coast farmers and ranchers see an increase of insurance companies drop them due to wildfire risk Share Updated: 4:01 PM PDT Jun 22, 2021 By Gina Avalos (KSBY)
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Central Coast farmers and ranchers see an increase of insurance companies drop them due to wildfire risk Share Updated: 4:01 PM PDT Jun 22, 2021 By Gina Avalos (KSBY) California s growing wildfire risk has left an alarming number of people in the agriculture industry unable to buy insurance coverage to protect their businesses and homes.Many farmers throughout California, including on the Central Coast, are feeling the impact.Insurance companies are either dropping their coverage, or are not renewing their property insurance, citing the high risk of wildfire is too much of a liability.| SUBMIT A TIP | Have you lost your fire insurance? Fill out our form. Many insurance companies say i
Why California Is Building New Houses in the Path of Wildfires
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