February 21, 2013 |
Dailey Mayo received some stunning news in the mail last week: an 85% rate increase for the long-term-care insurance he has had for 15 years from the California Public Employees' Retirement System. The retired sales manager in Pasadena said his monthly premium of nearly $400 would jump to $738, or about $8,850 annually, under this plan. "I'm 82 now and I might need this care soon," he said. "It really ticks me off that they are doing this. " More than 110,000 CalPERS policyholders are receiving similar news after the pension fund's board approved the changes late last year.
CALIFORNIA | LOCAL
October 1, 2013 |
RANCHO CORDOVA, Calif. -- Officials at the kickoff of Covered California, the state's health insurance exchange, celebrated the "historic" launch of the centerpiece of the Affordable Care Act and said they were undaunted by the federal government shutdown. A bevy of state health officials and lawmakers gathered in the Rancho Cordova service headquarters of Covered California on Tuesday morning to mark the first day of open enrollment under the Affordable Care Act. Peter Lee, executive director of Covered California, said the federal government shutdown, which began at midnight, would not have an effect on the exchange's operations.
May 20, 1992
Allstate Insurance Co. released its annual list containing information about which cars are the most and least expensive to insure. The list is based on such factors as which cars suffer more damage in accidents, cost more to repair and are stolen more often. Much lower than avg. Chrysler 5th Avenue Dodge Caravan Dodge Grand Caravan Plymouth Voyager Plymouth Grand Voyager Saab 9000 Volvo 240 Much higher than avg.
April 24, 1988
"The Fight of Their Lives" was both illuminating and forthright. I thought that most of the information was accurate: that the implications both for the public and the health care industry are enormous and all bad. Simross and Johnston touched on two vicious lapses in the practice of insurance, permitted by law, that have needed to be changed for some time. The changes needed are not solely to combat abuses that can, do and will arise out of AIDS claims, but other illnesses as well.
CALIFORNIA | LOCAL
August 10, 2012 |
The state of California is likely to receive tens of millions of dollars more from insurance companies to clean up the Stringfellow Acid Pits toxic waste dump as a result of a ruling Thursday by the California Supreme Court. In a unanimous decision, the high court said consecutive insurance policies by various companies required each to pay up to their policy limits for damage caused by the Riverside County waste site. The companies wanted to restrict liability to just a share of the damage that occurred during the time each insurer's policy was in effect.
May 3, 2010
The state insurance commissioner is one of the most powerful consumer advocates in California, wielding unique influence over how auto, property and health coverage is priced and sold. With the current occupant, Republican Steve Poizner, running for governor, the race has attracted three state assemblymen who are barred by term limits from seeking reelection — Dave Jones (D-Sacramento), Hector de la Torre (D-South Gate) and Mike Villines (R-Clovis). Brian D. Fitzgerald, a longtime enforcement attorney in the Department of Insurance, faces Villines in the GOP primary, and four candidates are running unopposed in smaller parties.
March 27, 2011 |
Insurance programs that make borrowers' mortgage payments for up to six months if they lose their jobs during an initial one- to two-year coverage period are gaining popularity. Home builders are offering it to new buyers, and some of the country's largest banks and mortgage lenders think it's a win-win idea for shaky economic times. Better yet, the bank, builder or other sponsor of the plan typically provides it free ? no direct, out-of-pocket cost to the consumer ? as part of its marketing package.
April 16, 2000 |
On a trip to a familiar domestic destination, you probably don't need travel insurance. But it may be worth considering if you're buying a cruise or tour package with hefty prepayments and heavy penalties for late cancellations. Trip cancellation/interruption insurance typically covers your losses if a family medical crisis or certain other emergencies force you to cancel, postpone or abbreviate a trip. Emergency medical policies cover emergency transport or medical care or both.