California Insurance Commissioner Dave Jones News

California Commissioner Wants Halt to Moratoriums in Wildfire Areas

California Insurance Commissioner Dave Jones has issued a formal notice to insurers directing them to cease any and all moratoriums on auto insurance and reminding them that California law prohibits the practice. Jones issued the notice in response to insurers …

Insurance Industry Increases Spending With California Diverse Suppliers By $670M

California Insurance Commissioner Dave Jones announced at the 6th Annual Insurance Diversity Summit this week that California diverse businesses supplied $1.6 billion in goods and services to insurance companies last year. That’s a $670 million increase since 2012, according to …

California Policyholders Have 24 Months to Collect Wildfire Insurance Money

California’s insurance commissioner says homeowners who lost their homes in last month’s wildfires in Northern California have up to 24 months to collect insurance payments. Dave Jones said this week some out-of-state insurance adjusters brought in by companies to help …

California Companies Ordered to Stop Selling Workers’ Comp Policies

California Insurance Commissioner Dave Jones has issued an order requiring a central valley company and its affiliates to stop selling workers’ compensation and liability policies because it is not properly licensed with the California Department of Insurance. In October 2016, …

Filling Approved for First Admitted Insurer in California to Sell Cannabis Insurance

The California insurance commissioner has approved the first filing by an admitted commercial insurance company to sell cannabis business insurance. Insurance Commissioner Dave Jones on Thursday announced the approved filing from Golden Bear Insurance Co. “This is the first of …

Insured Losses from California Wildfires Now at $3.3 Billion

The largest California insurers have so far reported more than $3.3 billion in insured losses from the October wildfire siege, now considered the most destructive fires in state history. Insurance Commissioner Dave Jones on Tuesday updated insured loss claims data …

California Commissioner Adopts $1.94 Workers’ Comp Pure Premium

California Insurance Commissioner Dave Jones has adopted an advisory pure premium rate that lowers the benchmark to $1.94 per $100 of payroll for workers’ compensation insurance. The advisory rate is effective Jan. 1, 2018. The rate is 17.1 percent less …

Admitted Carriers, CanaBOP Coming to California’s Cannabis Industry

The first admitted insurance carrier has filed to provide coverage to California’s legal cannabis industry and several more carriers have stated their intent to file products, according to state Insurance Commissioner Dave Jones. It also appears that standardized insurance forms …

Early Data Shows Insured Losses from California Wildfires Already at $1B and Growing

Insurance Commissioner Dave Jones today released preliminary data provided by eight California insurers processing claims for tens of thousands of policyholders that shows $1.045 billion in losses to commercial and residential structures, personal and commercial vehicles and agricultural equipment. The …

California Commissioner Asks Insurers to Expedite Claims to Aid Wildfire Victims

California Insurance Commissioner Dave Jones over the weekend issued a notice to insurers asking them to agree to expedited claims handling procedures for wildfire damage claims to help fire victims more quickly. Several insurers immediately agreed to the Jones’ request …