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Insurance Rate Regulation

News Story
5/9/2013
Posted by Mark Reback
Huge insurer Mercury Insurance Group has lost part of its ongoing legal challenge over homeowners insurance rates. Sacramento Superior Court rejected Mercury's petition to delay implementing a rate decrease ordered by state regulators. As a result, about 270,000 Californians who insure their homes through Mercury will save more than $16.5...
News Release
5/8/2013
Posted by Doug Heller
Santa Monica, CA – Mercury Casualty Company must implement an 8% rate decrease to its homeowners insurance rates as required by California Insurance Commissioner Dave Jones, according to a ruling issued by Sacramento Superior Court Judge Eugene L. Balonon on Tuesday, denying Mercury’s request to delay the decrease from taking effect....
News Story
4/3/2013
Posted by Mark Reback
The commissioner's enlistment of Consumer Watchdog to help review health rates raises eyebrows. Callifornia Insurance Commissioner Dave Jones lashed out Tuesday at another double-digit rate hike for thousands of small businesses getting their health insurance from industry giant Anthem Blue Cross. But this time Jones got some help from a...
News Release
4/2/2013
Posted by Doug Heller
Santa Monica, CA –Anthem Blue Cross is again imposing an unreasonable rate increase on its small business customers, and California Insurance Commissioner Dave Jones announced today that the company will not budge on this excessive rate hike. Working with an independent actuary, the nonprofit, nonpartisan Consumer Watchdog analyzed the data...
Video
3/7/2013
Posted by Consumer Watchdog
The California Insurance Commissioner, Dave Jones, held a press conference to criticize Blue Shield for an unjust rate hike which he is currently powerless to stop. The commissioner went on to remind the audience there is a chance to change that on the 2014 Ballot, which will feature a proposition that will force insurance companies to justify...
News Release
3/7/2013
Posted by Carmen Balber
Washington, DC and Santa Monica, CA – Blue Shield of California will impose an unreasonable rate hike as high as 19.9% on 268,000 Californians because the state’s insurance commissioner does not have the power to reject unjustified health insurance premiums. Senator Dianne Feinstein and Representative Jan Schakowsky introduced...
News Story
3/7/2013
Posted by Mark Reback
Law360, Los Angeles -- A California judge on Wednesday tentatively trimmed two putative class actions accusing Blue Cross of California of using “bait and switch” strategies to unilaterally increase annual deductibles and premiums midyear, ruling in part that the Consumer Legal Remedies Act doesn't apply to buying health insurance...
News Story
3/7/2013
Posted by Mark Reback
Hundreds of thousands of Californians covered by the state's largest health insurers are facing double-digit premium hikes, and regulators and consumers are pushing back. On Thursday, the state insurance commissioner said Blue Shield of California's proposed health premium increases - averaging 11.7 percent for most policyholders, but...
News Story
3/6/2013
Posted by Mark Reback
Some Anthem Blue Cross policyholders are pressing a court fight over the company's midyear changes in annual deductibles and other limits on out-of-pocket medical costs. Dave Jacobson, a film production supervisor in Santa Monica, is one of the plaintiffs who filed suit against Anthem over the changes in 2011. Jacobson, who bought his Anthem...
News Story
3/6/2013
Posted by Mark Reback
The California insurance commissioner Tuesday said he would defend in court his decision to require Mercury Insurance Co., to reduce its homeowners-insurance rates in the state effective in June. The suit is the latest in a string of enforcement actions, voter initiatives, and court challenges pitting Mercury General and its chairman, George...