Posted inCalifornia

California residents forced to evacuate could tap insurance for cost reimbursement

BUTTE/LOS ANGELES/VENTURA, Calif. Nov. 11, 2018 – Thousands of residents from Butte, Los Angeles, and Ventura counties ordered to evacuate due to wildfires may have homeowner or renter insurance coverage to help with evacuation and relocation costs, even if their homes are not damaged or destroyed, and in many cases no deductible is required. “With […]

Posted inCalifornia

Proposition 103 has saved California drivers over $154 billion over last 30 years

SACRAMENTO, Calif. Nov. 1, 2018 – Insurance Commissioner Dave Jones announced today that Proposition 103, which became law 30 years ago, has saved California drivers $154 billion on their auto insurance and has lowered auto liability premiums in California by 5.7 percent according to an analysis by Consumer Federation of America. Proposition 103, passed by […]

Posted inCalifornia

Don’t wait until it’s too late to get flood insurance

SACRAMENTO, Calif, Oct. 29, 2018. – Climate scientists warn that rising global temperatures are contributing to severe weather events-fires, hurricanes, droughts, and floods-which are causing or may cause loss of life, injuries, property damage, and economic disruptions. Many residents may not be aware that flood damage is not covered by traditional homeowners’ insurance. Now, more […]

Posted inCalifornia

Jones sues biopharma giant AbbVie alleging illegal kickbacks in promoting HUMIRA

OAKLAND, Calif. Sept. 18, 2018 – Insurance Commissioner Dave Jones today filed an insurance-fraud complaint in Alameda County Superior Court on behalf of the State of California against AbbVie Inc. alleging AbbVie gave illegal kickbacks to health care providers to prescribe HUMIRA-an expensive and dangerous drug with potentially deadly side effects. The case, which is […]

Posted inUncategorized

Carr and Mendocino Complex fire insurance claims top $845 million

SAN FRANCISCO, Calif. Sept. 6, 2018 — Insurance Commissioner Dave Jones today announced that insured residential and commercial losses from the Carr and Mendocino Complex fires top $845 million and are now counted among the most destructive wildfires in the state’s history. The insurance commissioner also provided an update on the insured losses from the 2017 wildfires and […]

Posted inCalifornia

Commissioner-sponsored bill to protect wildfire survivors signed by Governor

SACRAMENTO, Calif. Aug. 28, 2018 – Insurance Commissioner Dave Jones announced today that a bill he sponsored to protect California wildfire survivors has been signed into law by California Governor Jerry Brown. Assembly Bill 1797, authored by Assemblymember Marc Levine (D-San Rafael), strengthens consumer protections and aims to address critical issues facing wildfire survivors. “This […]

Posted inCalifornia

Insurance Commissioner applauds California’s Fourth Assessment Climate Change Report

SACRAMENTO, Calif. Aug. 27, 2018 – Insurance Commissioner Dave Jones commended the publication of California’s Fourth Climate Change Assessment (Fourth Assessment), which includes a large body of research on climate impacts and how to respond to them. The California Department of Insurance was a member of the interagency Task Force which led the Fourth Assessment. […]

Posted inCalifornia

California’s 1st cannabis insurer expands coverage options/lowers premiums

SACRAMENTO, Calif. Aug. 24, 2018 – Insurance Commissioner Dave Jones approved a filing from Golden Bear Insurance Company amending its California Cannabis program product to lower rates, expand coverage options, and expand the classes of business they will cover. “Golden Bear continues to lead the industry by being the first to offer coverage for cannabis […]

Posted inCalifornia

Weeding through the unique insurance needs of the cannabis industry

SACRAMENTO, Calif. May 16, 2018- Today, California Insurance Commissioner Dave Jones hosted a national webinar titled Weeding through the Unique Insurance Needs of the Cannabis Industry. With the National Association of Insurance Commissioners (NAIC) Center for Insurance Policy and Research (CIPR), Commissioner Jones brought together nearly 400 industry professionals, stakeholders and media representatives from throughout […]

Posted inCalifornia

Commissioner approves new product liability program for cannabis industry

SACRAMENTO, Calif. May 16, 2018 – Insurance Commissioner Dave Jones announced today he has approved a new product liability and product recall program for the cannabis industry in the State of California. This new cannabis insurance policy, offered by Continental Heritage Insurance Company, provides product liability and product recall coverage against claims arising from commercial […]

Posted inCalifornia

First-in-the-nation stress test conducted to determine climate-related risk to insurance industry investments

SACRAMENTO, Calif. May 8, 2018 – Despite litigation threats from 12 state attorneys general and one governor,Insurance Commissioner Dave Jones has taken another unprecedented step to address climate risk faced by insurers, as the first U.S. financial regulator to conduct a climate-related financial risk stress test and analysis of insurance companies’ investments in fossil-fuels. “The […]

Posted inCalifornia

Insurance Commissioner approves first coverage to protect property owners leasing to cannabis industry

SACRAMENTO, Calif. May 1, 2018 – Insurance Commissioner Dave Jones announced today he has approved the first insurance coverage for commercial landlords that addresses risks specific to renting to cannabis businesses. California Mutual Insurance Company is the first insurer in the state approved to add Lessor’s Risk coverage for property owners who are exposed to […]

Posted inCalifornia, The M Files

First surety bond program for cannabis industry approved by,insurance commissioner

SACRAMENTO, Calif. Feb. 22, 2018 – Insurance Commissioner Dave Jones announced he has approved the first surety bond program for the cannabis industry in the State of California. Continental Heritage Insurance Company is the first insurer in the state to be approved to offer surety bonds for the cannabis industry. “Cannabis businesses should have insurance […]

Posted inCalifornia

California statewide wildfire insurance claims nearly $12 billion

LOS ANGELES, Calif. Jan. 31, 2018 — Insurance Commissioner Dave Jones today announced that insurers have received nearly 45,000 insurance claims totaling more than $11.79 billion in losses from the devastating wildfires that burned across the state in October and December 2017 damaging and destroying more than 32,000 homes, 4,300 businesses, more than 8,200 vehicles, […]

Posted inCalifornia

Insurance Commissioner Dave Jones releases report addressing fire insurance availability issues

SACRAMENTO, Calif. Jan. 4, 2018 – California Insurance Commissioner Dave Jones today released a report on the growing problem of homeowners’ fire insurance availability and affordability in many areas throughout the state. The report recommends needed changes in law—the legislature should enact to effectively address the growing problem, which is likely to get worse as […]

Posted inCalifornia

GOP tax bill victimizes California wildfire and other disaster survivors

SACRAMENTO, Calif. Dec. 18, 2017 – If passed Tuesday, the GOP tax bill will victimize many disaster survivors a second time by eliminating the federal income tax deduction for wildfires, floods and other disasters not declared a federal disaster by the president. According to a Congressional Research Service report, a total of 16 major disaster […]

Posted inCalifornia, The M Files

First commercial insurer to file cannabis business insurance is approved by insurance commissioner

SACRAMENTO, Calif. Nov. 2, 2017- Cannabis businesses licensed by the State of California may now purchase commercial insurance coverage from an admitted commercial insurance company. Insurance Commissioner Dave Jones has approved the filing of the first admitted commercial insurance company to file cannabis business insurance, so that the insurer can begin writing policies and offering […]

Posted inCalifornia

Insured losses from Oct. wildfires top $3 billion statewide, with number sure to grow as more claims coming

SAN FRANCISCO, Calif. Oct. 31, 2017 – Fifteen major insurers reported updated claims loss data to Insurance Commissioner Dave Jones revealing the new total of insured losses from the state’s October wildfires now tops $3 billion-a three-fold increase in just two weeks-and expected to climb still higher according to department officials. “As shocking as $3 […]

Posted inCalifornia

Trump Executive Order will create a health insurance race to the bottom

SACRAMENTO, Calif. Oct. 12, 2017 – Insurance Commissioner Dave Jones issued the following statement in response to Trump’s executive order to allow the sale of health insurance across state lines and change rules relating to short-term insurance: “Today’s Executive Order is President Trump’s latest attempt to sabotage the Affordable Care Act and undermine state consumer […]

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