Monthly Archives: February 2012

Democratic Leader Supports 2012 Automobile Insurance Discount Act Two Days After Official Support From California Republican Party

 

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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Insurance Companies Dodge Billion-Dollar Bullet in California

 

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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CPI FOR AUTO INSURANCE UP 3.1 PERCENT FOR JANUARY 2012, COMPARED WITH A YEAR AGO

 

Insurance Information Institute

 
Percentage change from year ago

 
 
 
 

 
2011
2011
2012

 
(full year)
Dec.
Jan.

 
 
 
 

OVERALL INDEX
3.2%
3.0%
2.9%

 

AUTO INSURANCE AND RELATED ITEMS

Motor Vehicle Insurance
3.6
3.4
3.1

Motor Vehicle Body Work
2.2
1.8
1.5

Total Medical Care
3.0
3.5
3.6

Physicians’ Services
2.7
2.7
2.4

Hospital Services
6.2
5.8
5.8

Legal Services
3.2
2.7
2.0

 

MOTOR VEHICLES

New Vehicles
2.8
3.2
3.2

New Cars
3.0
4.0
4.0

New Trucks
2.7
2.3
2.6

Used Cars and Trucks
4.1
4.0
3.2

 
 
 
 

HOUSEHOLD INSURANCE AND RELATED ITEMS

Tenants’ and Household Insurance*
1.4
2.6
3.0

Repair of Household Items
N/A
N/A
N/A

 
 
 
 

Construction Materials**
N/A
3.6
N/A

Existing Single Family Homes***
N/A
-2.5
N/A

*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.