California Insurance Commissioner Dave Jones News

California Workers’ Comp Directors and Officers Cleanup Law Takes Effect July 1

A new law that enables corporate directors and officers owning at least 10 percent of a business to opt out of workers’ compensation coverage goes into effect on July 1. The law is intended to reduce the threshold of ownership, …

California Approves New Product Liability Program for Cannabis Industry

California Insurance Commissioner Dave Jones announced on Wednesday he has approved a new product liability and product recall program for the cannabis industry in California. This new cannabis insurance policy, offered by Continental Heritage Insurance Co., provides product liability and …

Former Zenefits CEO Surrenders Insurance License Following California Enforcement

Parker Conrad has surrendered his insurance license for his alleged role in licensing compliance violations that occurred at Zenefits during his tenure as CEO, California Insurance Commissioner Dave Jones announced on Wednesday. It was the conclusion of an enforcement action …

California Commissioner OKs 1st Lessor’s Risk Coverage for Marijuana Industry

California Insurance Commissioner Dave Jones has approved what his office says is the first insurance coverage for commercial landlords that addresses risks specific to renting to cannabis businesses. California Mutual Insurance Co. was approved to add lessor’s risk coverage for …

Bills Addressing Last Year’s California Wildfires Have Insurers Concerned

Insurance industry representatives said on Thursday they are working with the authors of pair of controversial bills approved by a committee in the California state Senate that are designed to give relief to victims of the massive wildfires last fall. …

California Commissioner Doing Battle with Insurers over Wildfire Bills

California Insurance Commissioner Dave Jones appears to be poised for a fight with the insurance industry over a legislative package supports say will protect survivors of last year’s wildfires that struck in the fall. Jones is rallying with state Senators …

California Commissioner Urging Insurers to Offer Coverage for Cannabis Industry

California Insurance Commissioner Dave Jones is renewing his call for insurers to offer insurance products for California’s legalized cannabis industry in the wake of recent reports that President Trump has abandoned Attorney General Jeff Sessions’ policy on federal law enforcement …

$332B in Premiums Makes California World’s 4th Largest Insurance Market

California’s annual insurance premium volume has increased to $332 billion, Insurance Commissioner Dave Jones announced on Thursday. That makes California is the 4th largest insurance market in the world, and the state remains the largest insurance market in the United …

California Says Insurers Must Pass Tax Savings on to Policyholders

Insurance companies writing in California were sent a notice by the California Department of Insurance reminding them that under Proposition 103 their rates must not be excessive, inadequate, or unfairly discriminatory. The recent revision to the Federal Tax Schedule for …

Physician Running for California Commissioner Wants Universal Healthcare

It’s probably no surprise to hear that Dr. Asif Mahmood, a practicing physician who’s running for the office of insurance commissioner of California, has made healthcare his top campaign platform. Mahmood, who was raised in the outskirts of Kharian, a …