Tag Archives: California Department of Insurance

California’s Insurance Adjuster Act of 2019 Is Coming

California’s Senate Bill 2401 is making its way through the legislature and will hopefully bring some important changes to the way insurance companies train their out of state adjusters who handle California based policyholder’s claims. The bill, also known as the Insurance Adjuster Act of 2019, was created by Senator Bill Dodd to eliminate confusion … Continue Reading

California Department of Insurance Issues Opinion That Underwriting Rules Submitted By Carriers Are Public Information

Under California Insurance Code section 1861.05(b), most property and casualty insurers seeking a rate change must submit an application that includes various financial information and “such other information as the commissioner may require,” including what the Department of Insurance describes as “underwriting rules.” “Underwriting rules” are “any rule or factor used by an insurer in … Continue Reading

California Department of Insurance Has Approved the State’s First Cannabis Business Owners Policy

More states across the country are implementing legislation allowing for the legal use of cannabis. Currently 23 States and the District of Columbia allow for medical use with four of the states and D.C. also allowing recreational use. The conflicts between state and federal law have left businesses uninsured and often without access to bank … Continue Reading

California Mudslide Exclusions Unenforceable Where Wildfires Caused Slide

Most homeowners and commercial insurance policies contains exclusions for loss or damages caused by mudflow or other similar occurrences. An example of on such exclusion is included below: b. Earth Movement and Settlement, meaning earthquake, which includes land shock wavers or tremors before, during or after a volcanic eruption; landslide; mudflow; sinkhole; earth sinking, rising … Continue Reading

Department of Insurance Bulletin Provides Notice to Insurance Companies and Useful Information for Wildfire Victims

Last month, the California Department of Insurance issued a notice to insurance companies, insurance agents, and public adjusters regarding the recent wildfires in the state. Although the notice is directed to insurance companies, agents, and adjusters, it provides useful information for policyholders affected by the wildfires. According to the Department of Insurance press release discussing … Continue Reading

Voluntary Claims Handling Reforms for Wildfires Promoted by California Insurance Commissioner

My colleague Denise Sze recently blogged about the Butte and Valley wildfires. More than 5,000 homes were damaged or destroyed. Indeed, many residents face a painful road to recovery. Last week, to increase the speed of the recovery process for wildfire victims, California Insurance Commissioner Jones obtained agreements from several insurance companies to adopt various … Continue Reading

When it Comes to Penalizing Insurance Companies for Bad Behavior, it’s Better Late than Never

This past week, the California Department of Insurance (CDI) settled an enforcement action against an insurer over claims handling practices from the November 2008 Sayre wildfire. The insurer charged with wrongdoing was New Hampshire Insurance Company (“New Hampshire”), a subsidiary of AIG. The Sayre fire burned in Sylmar, California, and was the eighth most damaging … Continue Reading

California Regulations Detail Time Limits for Insurer Claims Handling

California is known to have consumer friendly laws when it comes to insurance. With all the codes and regulations, it’s good to know the California Department of Insurance (CDI) published "Fair Claims Settlement Practice Regulations" under Title 10 of the California Code of Regulations. Although Title 10 encompasses many facets, the regulations provide a concise … Continue Reading

California Department of Insurance Urges Policyholders to Be Prepared for Wildfires and Gives a Prime Example

Next Friday, the California Association of Public Adjusters will celebrate with founder Stan Kaufman, at their bi-monthly luncheon in Simi Valley. But it is Robin Kaufman, Stan’s daughter, who is making headlines. On July 7, the California Insurance Commisioner held a press conference. In the press conference, Insurance Commissioner Dave Jones advised California insureds to … Continue Reading

California Insurance Commissioner Race Demonstrates Electorate Tired of Politicians

When considering the selection of an insurance commissioner, why not vote for somebody that knows about insurance laws and regulations rather than a politician? The race for California’s Insurance Commissioner had a stunning result demonstrating that the Republican electorate might make such a selection. Brian FitzGerald, an insurance enforcement attorney in the California Department of … Continue Reading