Association of California Insurance Companies News

ACIC’s Sektnan Named Chair of Civil Justice Association of California

Association of California Insurance Companies President Mark Sektnan has been named chairman of the board for the Civil Justice Association of California. Sektnan will serve a two-year term. His duties will include overseeing board meetings and serving on the CJAC …

California Commissioner Explains Call for Insurer Divestment from Coal

One can say California Insurance Commissioner Dave Jones has a beef with coal. Jones made a bold move on Jan. 25 when he asked all insurance companies doing business in California to voluntarily divest from their investments in thermal coal …

California Governor Signs Workers’ Comp Formulary Bill

California Gov. Jerry Brown has signed a bill to move California forward in curbing abuse of opioid medications in the workers’ compensation system. Assembly Bill 1124, authored by Assemblyman Henry T. Perea, D-Fresno, requires the Division of Workers Compensation to …

California Regulators Want Insurers to Speed Up Ridesharing Policies

The California Public Utilities Commission wants the insurance industry to get off its duff and start creating some products to offer to ridesharing drivers. A proposal issued by CPUC on Tuesday further defines ridesharing or transportation network companies and activities …

Autonomous Vehicle Testing Regulations for California Coming Soon

If you think Google when you think about autonomous vehicles driving the streets, you’re leaving out the rest of the players in what some see as the future of the auto industry. If fact, there are enough players in the …

California Insurers Group: Jones Was Correct on WC Pure Premium

California Insurance Commissioner Dave Jones was correct to recognize the increasing costs in the state’s workers compensation system when he made his pure premium advisory rate recommendation on Friday, says the Association of California Insurance Companies. Jones’ recommendation was for …

Interesting but Quiet Year for California Lawmakers on Workers’ Comp

After the behemoth workers’ compensation reform law passed in 2012, state lawmakers this year enacted only a handful of measures that may affect or relate to workers’ compensation. Bills signed by Gov. Jerry Brown included laws on pharmaceutical compounding, preventing …

California Regulators OK On-Demand Ridesharing, With Conditions

On-demand ride services got the green light from California regulators on Thursday in a move the services hope will help clarify their legal status in other jurisdictions. The California Public Utilities Commission created a new category called a “Transportation Network …

Bill Enabling Electronic Policy Renewal for Californians Gets Committee Nod

The California Assembly Judiciary Committee gave thumbs up to a bill that would enable insureds to renew their policies electronically. The bill, which has the backing of the Association of California Insurance Companies, is Senate Bill 251. Authored by Senator …

Calif. Auto Insurance Down over Quarter-Century, Groups Debate Why

The average California auto insurance expenditure fell from 1989 to 2010, while every other state in the nation saw substantial increases over that same period, according to a Consumer Federation of America analysis auto insurance expenditures. The group attributes the …