July 18, 1985 |
A California law making it illegal for insurance agents to shave their commissions, which can amount to as much as 60% of first-year premiums, is unconstitutional and should be overturned, Consumers Union said in a lawsuit filed Wednesday in San Francisco Superior Court.
May 10, 1989 |
Connecticut-based Aetna Life and Casualty today imposed a moratorium on the writing of new property and casualty insurance policies in California. Aetna thus becomes the first insurance company to limit its business in the state after last week's state Supreme Court decision that upheld most of Proposition 103. The moratorium affects new policies for auto, homeowners' and commercial liability insurance, which are all covered by Proposition 103. The company will continue to renew the policies of existing customers.
February 11, 1996
So what's a home buyer or homeowner to do in the midst of the insurance crisis? Experts offer these suggestions for dealing with the tight homeowners insurance market: * Contact the company that sells you car or life insurance. If you already do business with it, it may be more willing to sell you also homeowners insurance, even though it technically is not writing new policies. * Get in touch with an independent agent.
May 14, 1987 |
The insurance industry has virtually turned its back on protecting community-service agencies, preschools run by parents and Headstart educational programs aimed at helping needy children, a panel of California insurance regulators was told Wednesday. The state Department of Insurance concluded the second of two hearings into the availability of liability insurance for specific professions.
September 13, 1988 |
KABC radio, which is airing a series of talk shows this week on the five insurance ballot initiatives, said Monday it is taking steps to keep the shows balanced after seeing an insurance industry letter asking its campaigners to "flood the air" with loaded questions during the programs. "We're screening calls, trying to circumvent their campaign that way," said a spokesman for show host Michael Jackson.
September 23, 1988 |
Breaking ranks with other insurance companies, two of the state's biggest sellers, State Farm and the Automobile Club of Southern California, said Thursday that they are withholding their support from the insurer-sponsored Proposition 106, a ballot initiative that would slash lawyers contingency fees.