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Advisory - Department Holds Hearing Looking Into How Automobile Insurance Groups Affect Driver Premiums

News: 2019 Press Release

For Release: September 17, 2019
Media Calls Only: 916-492-3566
Email Inquiries: cdipress@insurance.ca.gov
Advisory - Department Holds Hearing Looking Into How Automobile Insurance Groups Affect Driver Premiums

LOS ANGELES, Calif. — California Insurance Commissioner Ricardo Lara has ordered the first fact-finding hearing in the Department’s history on use of ‘affinity group’ discounts. This investigatory hearing will gather evidence and ascertain the facts regarding how insurers’ use of occupational, educational, and other groups for setting automobile rates affects insurance premiums for different classes of California drivers, such as drivers with different income levels, drivers with differing levels of educational attainment, and other criteria.

 

WHAT:         Public Hearing

WHO:          California Department of Insurance

WHEN:         Tuesday, September 17th, 10 am                                       

WHERE:      Ronald Reagan State Building
                    California Department of Insurance
                    300 South Spring Street, 1st Floor - Auditorium
                    Los Angeles, CA

 

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Media Notes:



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.

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