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NEWS
May 4, 1989 | PHILIP HAGER, Times Staff Writer
The state Supreme Court will rule today on the constitutionality of Proposition 103, the far-ranging insurance initiative approved by voters Nov. 8, the court announced Wednesday. The decision will come in one of the most widely watched cases to come before the justices in years and will affect millions of Californians holding automobile and property insurance policies. At stake are an estimated $4 billion in premium reductions mandated under the initiative--as well as broad new governmental control over the insurance industry in the state.
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BUSINESS
March 30, 2014 | By Chad Terhune
After months of head counts for Obamacare, it is the medical bills that will start to matter now. Even before enrollment closes Monday, California has far exceeded its initial goals for signing up people under the Affordable Care Act. Although the sheer volume of 1.1 million policyholders is impressive for a brand new government program, the number of sicker patients is what's likely to draw the most attention. How sick they are and the size of their medical bills will be front and center in the weeks to come as insurers begin drawing up next year's insurance rates, which will become public this summer.
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BUSINESS
November 10, 2000 | SHARON BERNSTEIN, TIMES STAFF WRITER
Secure Horizons, the nation's largest Medicare HMO, said Thursday it will freeze membership next year in 41 counties nationwide, most of them in California. The announcement that new members will not be accepted in 24 California counties, among them Riverside, San Bernardino, Santa Barbara, Kern, Alameda and Contra Costa, came as Secure Horizons' parent company reported disappointing results for the third quarter, though they beat estimates. Santa Ana-based PacifiCare Health Systems Inc.
NEWS
March 4, 2014 | By Lisa Mascaro
WASHINGTON - In a rare moment of bipartisanship, the House voted overwhelmingly Tuesday to roll back flood insurance rate increases that have devastated many homeowners in coastal communities and dogged lawmakers on the campaign trail. The deal, brokered by Rep. Maxine Waters (D-Los Angeles) with a bipartisan coalition of coastal state lawmakers, sailed through the House, 306 to 91, despite protests from conservative Republicans that the changes would add to the national debt. "It is said by the media and others that we cannot work together," Waters said before the vote.
BUSINESS
December 1, 2012
SACRAMENTO -- In California, two earthquake insurance companies are lowering their rates. Insurance Commissioner Dave Jones announced Friday that he approved a 15.5% rate reduction for Chubb Insurance. The average annual premium will fall to $5,021 from $5,940, according to the state Department of Insurance. Chartis Insurance earthquake coverage rates are going down 15%, with average annual premiums dropping to $6,061 from $7,292, the Department of Insurance said. Overall savings to consumers will total about $15 million, it said.
BUSINESS
February 7, 2013 | By Marc Lifsher
Thousands of Los Angeles homeowners covered by State Farm General Insurance Co. will see their annual premiums drop an average of $102, or 12.3%, beginning April 15. The reduction is part of a statewide markdown that will benefit 85% of State Farm's 1.6 million homeowner customers in California, the company said. The lower prices are expected to be announced at a 10:30 a.m. news conference in Los Angeles held by state Insurance Commissioner Dave Jones and State Farm Chief Executive Tom Conley.
BUSINESS
January 17, 1999
The California Earthquake Authority, which provides most of the state's earthquake coverage, has proposed a change in rates. Overall, rates would fall by about 4%, but in some areas they would increase by 100% or more. For a report and a list of affected ZIP Codes and territories, go to http://www.latimes.com/HOME/BUSINESS/UPDATES/lat_quake1218.htm .
BUSINESS
September 1, 2011 | By Duke Helfand, Los Angeles Times
A bill that would allow California officials to regulate health insurance rates for millions of consumers has died in the Legislature after forceful lobbying campaigns by insurers, healthcare providers and other groups. Assemblyman Mike Feuer (D-Los Angeles) said he is pulling his measure, AB52, because he could not muster a majority of votes in the state Senate, the final stop in a months-long effort to increase state regulators' authority over health insurance premiums. Feuer said he is putting his bill on hold until next year, when it can be taken up again.
CALIFORNIA | LOCAL
December 10, 2000
Re "Allstate, Farmers Insurance to Raise Cost of Liability Coverage for SUVs, Pickups," Dec. 5. The concept that penalizing owners of larger vehicles, including sport-utility vehicles, because it is believed that they cause more damage than smaller cars, doesn't quite sit right. Does that also mean they sustain less damage than smaller cars when hit by 18-wheel tractor trailers? If so, then a motorcycle owner should not pay for any insurance at all. This all smacks of the old Marxist-socialist scheme of redistribution of wealth.
BUSINESS
February 20, 2013 | By Chad Terhune, Los Angeles Times
A proposal to split California into six zones for setting health insurance rates would drive premiums up as much as 23% for some policyholders next year as part of the federal healthcare overhaul, the state insurance commissioner is warning. These rating boundaries for the individual insurance market are among several items that state lawmakers are debating during a healthcare special session in Sacramento aimed at implementing the federal Affordable Care Act. In January, most Americans will be required to have health coverage or pay a penalty.
SCIENCE
October 3, 2013 | By Bettina Boxall
Some of the West's leading fire scientists are calling for the increased use of managed burns to reduce fuel levels in the region's forests, warning that climate change is leaving them more vulnerable to large, high-severity wildfires. In a paper published Friday in the journal Science, seven fire and forest ecologists say the rate of fuel reduction and restoration treatments is far below what is needed to help sustain forest landscapes in an era of rising temperatures and increased drought.
AUTOS
September 6, 2013 | David Undercoffler
The 10 most expensive ZIP Codes for car insurance in California are all in Los Angeles County, and Beverly Hills is most expensive city in the state to insure a vehicle, according to a new study. "Where you live is playing a big role in the rate you're paying," said Laura Adams, senior analyst for the website InsuranceQuotes, which commissioned the study. With a higher population density than anywhere else in the state, Los Angeles has more traffic, more accidents and more claims, Adams said.
AUTOS
September 5, 2013 | By David Undercoffler
Here's another item to add to the "That costs more in Los Angeles" list, and it isn't pretty: car insurance. The 10 most expensive ZIP Codes for car insurance in the state of California are all in the L.A. metro area. L.A. County is also the most expensive county in the state, while Beverly Hills wins the honor of most expensive city in the state to insure a vehicle. The findings are from a study commissioned by InsuranceQuotes.com. "Where you live is playing a big role in the rate you're paying," said Laura Adams, senior analyst for the website InsuranceQuotes.
NATIONAL
August 27, 2013 | By Richard Simon
WASHINGTON -- Congress no longer has sole claim to the dysfunction in the nation's capital -- District of Columbia drivers have joined the fray. They have been ranked as the nation's worst drivers, according to an Allstate Insurance Co. survey, which listed D.C. last among the nation's 200 biggest cities. Fort Collins, Colo., drivers are the best, taking the No. 1 spot, followed by Boise, Idaho, and Sioux Falls, S.D., according to the report, based on the company's auto collision claims.
BUSINESS
August 10, 2013 | Chad Terhune
Californians shopping for health insurance in a new state-run market this fall may not see quality ratings for those health plans alongside the monthly price. To the dismay of consumer groups, state officials are dropping plans to post those insurance company ratings in their online enrollment system, which opens Oct. 1 under the federal healthcare law. The state's health exchange, called Covered California, said this week that it reversed course because the latest state rankings examine performance from 2011, and they don't reflect many of the new health plans and provider networks being offered for the first time.
BUSINESS
August 1, 2013 | By Marc Lifsher
SACRAMENTO - California's small businesses next year will have a range of competitively priced options offered by a new state government health insurance exchange. The agency, Covered California, unveiled its portfolio of policy options for smaller businesses Thursday. They include both health maintenance organizations and preferred provider networks and will be available in all parts of the state as of Jan. 1. Rates in most of the state's populous counties are expected to be significantly below premiums now charged by insurers for similar plans.
BUSINESS
May 23, 2013 | By Chad Terhune, Los Angeles Times
Amid anxiety over rising costs from the federal healthcare law, California received better-than-expected insurance rates for a new state-run marketplace, but many consumers still won't be spared from sharply higher premiums. Three years after President Obama's landmark law was passed, the state unveiled the first details Thursday on what many Californians can expect to pay for coverage from 13 health plans offering policies in the state's exchange, in which as many as 5 million people will shop for coverage next year.
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