California Insurance Commissioner Dave Jones News

U.S. Supreme Rules Against Insurer’s Appeal Challenging Profits in Rate Setting

The U.S. Supreme Court on Tuesday declined to hear Mercury Insurance Co.’s appeal to overturn a February 2017 California Court of Appeal ruling that held Insurance Commissioner Dave Jones’ 2013 order requiring the insurer to reduce its homeowner insurance rates …

California Commissioner Says Insurers Should Cover Mudslide if Fire Was Cause

California Insurance Commissioner Dave Jones today issued a formal notice to all property/casualty insurers reminding them of their duty to cover damages from the recent mudslide and debris flows if it is determined that the burning of hillsides and vegetation …

PCI Responds to California Commissioner’s Statements on Federal Tax Reform

The Property Casualty Insurers Association of America is taking issue with a statement from California Insurance Commissioner Dave Jones calling for rate reviews following the federal tax legislation passed by Congress. Jones said Monday he wants insurers in his state …

California Commissioner Wants Insurers to Pass Tax Savings to Policyholders

California Insurance Commissioner Dave Jones wants insurers in his state to pass along savings from taxes expected to be generated by the new tax bill passed in Congress recently. “The recent revision to the Federal Tax Schedule for 2018 reduced …

Insurers Increasing Payments to California Wildfire Victims Sans Itemization

California Insurance Commissioner Dave Jones on Thursday released the results of the formal notice he issued last month to all residential property insurers requesting they provide up to 100 percent of contents coverage limits for fire survivors who experienced a …

California Commissioner and Legislators Unveil Wildfire Insurance Bills

California Insurance Commissioner Dave Jones and legislators from wildfire-damaged communities across the state unveiled eight bills and two additional legislative proposals proponents say will strengthen consumer protections for those making insurance claims. Jones and state Senators Mike McGuire and Bill …

Former California Agent Sentenced for Stealing $100K in Premiums and Investments

Former licensed insurance agent Frederick Donald Rollins, 42, of Moreno Valley, Calif., was sentenced today after pleading guilty to one felony count of grand theft, two counts of securities fraud and an aggravated white-collar crime enhancement for stealing more than …

California Commissioner Condemns Session’s Move Against Legal Pot

California Insurance Commissioner Dave Jones is not happy with U.S. Attorney General Sessions’ recent marijuana enforcement memo rescinding Obama administration guidance that enabled states to legalize marijuana without federal intervention. Recreational marijuana became legal for adults in California on Jan. …

California Commissioner Asks Insurers to Forego Detailed Home Inventories in Wake of Wildfires

California Insurance Commissioner Dave Jones is asking insurers to help California wildfire survivors by providing relief from detailed home inventories and to provide up to 100 percent of contents coverage limits without a detailed inventory. “These families have endured unimaginable …

Homeowners Fear Losing Insurance in Midst of California Fires

California homeowners and regulators have a new fear about wildfires ravaging the state: that insurers will drop coverage. Massive, out-of-season fires in northern and southern California are causing billions of dollars in claims and challenging expectations of when and where …