SACRAMENTO, Calif., Feb. 28, 2012 /PRNewswire/ — Just two days after the California Republican Party officially endorsed the 2012 Automobile Insurance Discount Act, former President pro Tempore of the California State Senate, Democrat Don Perata, also offered his endorsement.
“The discount is already allowed in California but is controlled by the insurance companies,” Perata said. “This initiative does what most states have done successfully and allows the consumer to control the discount. This is not a party issue. This is a fairness question, and as a legislator and policymaker, I always supported the portability of this discount. It just makes sense.”
Perata added that under the present system, California consumers lose their
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SACRAMENTO, Calif., Feb. 29, 2012 — /PRNewswire/ — Allstate Insurance Company plans to add additional agency owners in California in 2012, expanding its aggressive recruiting campaign for the fourth consecutive year. Allstate signed 58 new exclusive agents in California last year, 44 in 2010 and 17 in 2009.
From Capitol Alert: ” Darrell Steinberg has introduced a bill that would overturn one of recent legal history’s most closely watched state Supreme Courtdecisions, dealing with recovery of medical costs by injured parties…”
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By Bob Tyson Insurance Journal
Court Limits What Medical Bills Juries Can View
Insurance companies, and ultimately California consumers, avoided a windfall sought by the Consumer Attorneys of California to the tune of more than $3 billion dollars per year. On Aug. 18, 2011, the California Supreme Court settled a widely followed, long-simmering dispute concerning the appropriate damage awards for claimed medical specials in tort litigation. The near-unanimous decision (6-1) in Howell v. Hamilton Meats & Provisions, Inc.(52 Cal.4th 541) puts to rest the outrageous claims by plaintiffs that they are entitled to recover the total amount of medical bills, as opposed to the much lesser amount that is actually paid by health
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Insurance Information Institute
Percentage change from year ago
AUTO INSURANCE AND RELATED ITEMS
Motor Vehicle Insurance
Motor Vehicle Body Work
Total Medical Care
Used Cars and Trucks
HOUSEHOLD INSURANCE AND RELATED ITEMS
Tenants’ and Household Insurance*
Repair of Household Items
Existing Single Family Homes***
*Only includes tenants or renters insurance on the contents of a residence.
**Bureau of Labor Statistics’ Producer Price Index (preliminary).
***Median sales price. Data from the National Association of Realtors.
The Senate Rules committee has released a number of Standing Committee membership changes.
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Grade Insurance Commissioner Dave Jones by taking the Insurance Journal’s survey.
A new website that unveils who and what is behind Consumer Watchdog and their actions.
Capitol Alert reports that Consumer Watchdog has contributed another 100k to their rate regulation initiative.