Original source: https://www.ocregister.com/2019/05/10/california-insurance-commissioner-to-investigate-inequity-in-auto-premiums/
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Orange County Register (CA) (05/10/19) Smith, Kevin
After complaints received by his own department, California Insurance Commissioner Ricardo Lara has scheduled an investigatory hearing for Sept. 17 to determine if drivers paying reduced auto insurance premiums as part of a team strategy contributes to higher prices for other low-income motorists. “We have been hearing complaints for a few years now,” says Lara. He wants to learn if carriers that reduce auto rates for people in group plans end up trekking premiums for drivers. California law makes it possible for companies to issue coverage on a group plan which lowers auto rates for certain”affinity groups,” such as professional associations and alumni associations. “It will be professional people that are discounted and working class folks might not have access to those very same discounts,” says Lara. He’ll first ask carriers to voluntarily supply their speed information, and should they fail to accomplish this, he’ll issue subpoenas to get the information. Lara says affordable auto insurance can increase a individual’s economic freedom through access to job and higher-paying jobs…. Read More
We appreciate you! And please contact us if you need friendly help when negotiating with your insurance carrier. NO claim, NO fee!
Original source: https://www.ocregister.com/2019/05/10/california-insurance-commissioner-to-investigate-inequity-in-auto-premiums/
I browse the internet everyday to guide you to understand to the betterment of having a Property Damage Adjustment Consultant on your side. Take a minute to read this website post we located.
Orange County Register (CA) (05/10/19) Smith, Kevin
After complaints received by his own department, California Insurance Commissioner Ricardo Lara has scheduled an investigatory hearing for Sept. 17 to determine if drivers paying reduced auto insurance premiums as part of a team strategy contributes to higher prices for other low-income motorists. “We have been hearing complaints for a few years now,” says Lara. He wants to learn if carriers that reduce auto rates for people in group plans end up trekking premiums for drivers. California law makes it possible for companies to issue coverage on a group plan which lowers auto rates for certain”affinity groups,” such as professional associations and alumni associations. “It will be professional people that are discounted and working class folks might not have access to those very same discounts,” says Lara. He’ll first ask carriers to voluntarily supply their speed information, and should they fail to accomplish this, he’ll issue subpoenas to get the information. Lara says affordable auto insurance can increase a individual’s economic freedom through access to job and higher-paying jobs…. Read More
We appreciate you! And please contact us if you need friendly help when negotiating with your insurance carrier. NO claim, NO fee!