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CALIFORNIA | LOCAL
May 15, 2009 | Michael Rothfeld
Gov. Arnold Schwarzenegger unveiled a pair of financial disaster plans Thursday, proposing to address the state's budget crisis by slicing up to seven days off the public school year, releasing thousands of inmates from prison and packing others into county jails, cutting off healthcare to more than 200,000 children and drilling for oil off the Santa Barbara coast. The governor presented lawmakers with two alternative budgets. The first was grim, addressing a $15.
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BUSINESS
April 3, 2013 | By Chad Terhune, Los Angeles Times
California Insurance Commissioner Dave Jones lashed out Tuesday at another double-digit rate hike for thousands of small businesses getting their health insurance from industry giant Anthem Blue Cross. But this time Jones got some help from a surprising source. He has quietly tapped Consumer Watchdog, his political ally and the state's most outspoken industry critic, to help review health insurance rate increases under a one-year contract worth as much as $88,000. The insurance industry expressed dismay that the state enlisted its longtime nemesis to help review rate increases, and some experts questioned whether it's necessary to further antagonize insurers at a time when state officials are trying to work closely with the industry to implement a massive healthcare expansion.
NEWS
December 3, 1992
Winter storms and flash floods may seem like distant memories, but Mayor Robert Tanenbaum announced this week that the city has qualified all Beverly Hills homeowners, renters and businesses for low-cost flood and mud insurance through the National Flood Insurance Program. Federally subsidized flood insurance can be purchased from any property insurance agent licensed to conduct business in Beverly Hills.
NEWS
February 10, 1989 | From Times staff and wire service reports
The state Supreme Court said today that it will hear oral arguments March 7 on the constitutionality of Proposition 103, the initiative to cut insurance rates. Under its rules, the court must decide the case within 90 days after the hearing. Proposition 103, approved by state voters in November, requires that auto and property insurance rates be reduced 20% below November, 1987, levels and frozen until November, 1989, unless an insurer can show a substantial threat of insolvency.
BUSINESS
May 12, 1994 | KATHY M. KRISTOF
Just how much is your insurance agent worth to you? That question is at the heart of a soon-to-be-decided legal battle between big insurance companies and a handful of California insurance agents who want to rebate their commissions openly. If the issue is ultimately decided in favor of the insurers, rebates could be much more difficult to find--eliminated by law or in practice.
BUSINESS
July 19, 2013 | By Donie Vanitzian
Question: I've been president of our homeowners association for several years. We have fewer than 20 units and have managed to keep our HOA dues low at around $330 a month, mainly because we don't have earthquake insurance. We've saved a lot of money because we haven't paid for earthquake insurance for more than 15 years and have been very lucky. Do we have to get it? Answer: With one earthquake, your luck may run out. However, after 15 years of savings, and in the best interests of the association, the board should have been depositing those savings in an interest-bearing bank account.
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