November 10, 2000 |
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.
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.
February 7, 2013 |
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.
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 .
September 1, 2011 |
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.