The California Assembly is considering a bill that would require insurers to report biannually to the insurance commissioner their community development investments.
When it was initially introduced, AB 925 would have required insurers to invest 1 percent of their premium in California community development investments targeting low and moderate-income areas of California.
AB 925 was heard in Assembly Insurance Committee on Jan.11 and substantially amended to its current form requiring biannual reporting. The bill passed the committee by a vote of 13-4. The bill now is before the full Assembly.
Topics California
Was this article valuable?
Here are more articles you may enjoy.
What Progressive and GEICO Q3 Results Reveal About Auto Insurance Profit, Growth 
Amazon Sued Over ‘Punitive’ Handling of Employee Absences 
70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report 
Parkland Shooting Wasn’t Multiple Incidents With Multiple Deductibles, Court Says From This Issue
