August 6, 2007 |
Health insurers have always known a lot about their customers, but the customers can't always say the same about their insurers. That's about to change. The California Department of Insurance today plans to announce a new "healthcare report card" program for six of the state's largest preferred provider organizations, or PPOs. The reports will include information on quality of care and patient satisfaction so that consumers can compare plans.
February 18, 2005 |
French insurer MAAF defaulted in a civil lawsuit in which it was accused of defrauding the state of California of billions of dollars in the purchase of Executive Life Insurance Co., spokesmen for both sides said. Norman Williams, a spokesman for the California Department of Insurance, said the state planned to ask a jury to order MAAF to pay a share of $3.7 billion in damages claimed in the suit, which also targets the French government and French bank Credit Lyonnais.
December 28, 2004 |
Woodland Hills-based Zenith National Insurance Corp. said Monday that it had received letters of inquiry from the California Department of Insurance requesting information about its arrangements and dealings with its agents and brokers. The state agency is among several regulators conducting wide-ranging probes into industry practices. Zenith said it was cooperating with the request, which it announced after the stock market closed. Zenith shares declined 4 cents to $49.
CALIFORNIA | LOCAL
November 19, 2004 |
A federal judge ruled that a former top California Insurance Department official cannot have the state pay for his attorneys' fees and personal compensation for time spent dealing with department matters after he resigned. William W. Palmer was a top aide to former state Insurance Commissioner Chuck Quackenbush. He filed a claim with the state seeking $168,000.
September 16, 2004 |
Labor unions plan to ask the Legislature to cap workers' compensation insurance rates next year if insurers fail to substantially cut the premiums they charge businesses. "Organized labor is going to be watching very closely the insurance company filings, and what they file will determine their fate in the Legislature," said Angie Wei, legislative director of the California Labor Federation, during a Department of Insurance rate hearing in San Francisco.
August 17, 2004 |
Facing conflict-of-interest concerns in the state Senate, Insurance Commissioner John Garamendi has withdrawn his nominee to head a state agency that oversees more than $1 billion in assets from failed insurance companies. Garamendi pulled the nomination of Fred A. Buck to the $260,000-a-year job as head of the Department of Insurance's Conservation and Liquidation Office after the Senate Rules Committee said it would take no action on the appointment.