Economy
Ricardo Lara proposes insurance rule that critics call ‘revenge’
California’s insurance commissioner has sparred with Consumer Watchdog, which says his proposed rule is retaliatory.
Insurance
Commentary
California’s insurance commissioner targets Consumer Watchdog fees
The nonprofit Consumer Watchdog collects "intervenor fees" for participating in premium setting in the Department of Insurance. It says it saves consumers millions of dollars more than it collects.
Economy
California’s insurer of last resort would face more scrutiny under bill heading to Newsom’s desk
The FAIR Plan faces accusations of denying smoke-damage claims and more. Can California lawmakers keep the insurer of last resort accountable?
Commentary
After LA fires, a ‘toxic soup’ lingers in the homes that remain, endangering families
After the Eaton and Palisades fires, some still standing homes are embedded with toxic residue, including cyanide, asbestos and heavy metals. Insurers don’t want to cover this.
Commentary
Corporate middlemen are pushing California’s pharmacies to the brink
Independent pharmacies are closing across California and nationwide, and chain pharmacies aren’t far behind. Pharmacy benefit managers have a chokehold on prescriptions and their pricing.
Commentary
Pharmacy benefit managers find savings in California drug costs. Don’t tie their hands
California is considering a bill to limit how pharmacy benefit managers negotiate drug prices, which is one of the most effective tools for controlling prescription costs.
Economy
Long-shot ballot initiative could have huge effect on California insurance
Proposed ballot initiative aims to repeal Prop. 103, the California law that regulates home and auto insurance.
Economy
Los Angeles fire survivor is told State Farm’s $900K check on hold due to insufficient funds
A check from California’s largest property insurer, which says it has paid billions of dollars in claims from the LA-area fires, has taken more than a week to clear so far.
Commentary
Five years later, the pandemic still weakens two California employee safety nets
The state still hasn't fixed problems with its unemployment and workers compensation funds, both of which faltered during the COVID pandemic and haven't recovered.
Economy
California investigates State Farm over claims from Los Angeles fires
California Insurance Department formally investigating State Farm over ‘significant’ number of complaints about its handling of claims from L.A. fire survivors.