Department urges insurers to participate in new website feature advertising specialty products
News: 2018 Press Release
SACRAMENTO, Calif. — The California Department of Insurance (CDI) has sent letters to admitted property and casualty writers and trade associations to inform them that the department will be adding an “Insurance Marketplace” feature to its website to provide information to consumers about property and casualty specialty or niche products offered by admitted insurers.
The letter gives admitted property and casualty writers the opportunity to include their company as one of the insurers offering niche or specialty products and asks for their cooperation. The department urges insurers to utilize this free publicity.
The purpose of the “Insurance Marketplace” webpages would be to enable the CDI to provide consumers with a new, centralized resource in their search for harder-to-find products that may not be readily accessed through their local agents or brokers. This might include insurance for marinas, wineries, pet insurance, restaurants, schools, and much more.
CDI is not endorsing any of the listed participants over other licensees. Participation in the “Insurance Marketplace” by insurers is completely voluntary and the list is not purporting to be a complete listing of all insurers that write the listed products.
The California Department of Insurance, established in 1868, is the largest consumer protection agency in California. Insurers collect $310 billion in premiums annually in California. Since 2011 the California Department of Insurance received more than 1,000,000 calls from consumers and helped recover over $469 million in claims and premiums. Please visit the Department of Insurance website at www.insurance.ca.gov. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.