California Insurance Commissioner News

Diverse Candidates Running for California Insurance Commissioner

One way or another, California’s next insurance commissioner will be the first of his kind. The June 5 primary features Democrats Dr. Asif Mahmood and Sen. Ricardo Lara against former commissioner Steve Poizner. Mahmood would be the first Muslim to …

Tech Entrepreneur Poizner Wants Insurance Commissioner Job Back

Tech entrepreneur and unsuccessful gubernatorial candidate Steve Poizner announced Monday he’s running to take back his old seat as California’s top insurance regulator. This time, though, Poizner is running as an independent and not a Republican, the party he represented …

Evidence of Declining Costs Prompts Jones to Request Workers’ Comp Rate Reduction

After finding that costs to insurers in the workers’ compensation system are declining, California Insurance Commissioner Dave Jones asked that workers’ comp insurers pass those cost savings on to employers in the form of lower rates. Commissioner Jones issued a …

Mercury Insurance Faces $27.6M Fine for Wrongful Fees in California

California’s insurance commissioner is ordering Mercury Insurance to pay a $27.6 million fine for charging wrongful fees to its auto customers. In announcing the largest fine against a California auto insurance company, Commissioner Dave Jones said Monday that Mercury charged …

UnitedHealth’s $173M Fine a Warning to P/C Insurers

A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practice Act and unfair claims settlements may be a wakeup call for …

California Commissioner: $160M in Homeowner’s Rate Reductions

An average of a 12.6 percent insurance rate reductions is in store for California homeowners insured with State Farm General Insurance Co., according to an announcement from California Insurance Commissioner Dave Jones on Thursday. The reduction will result in an …