Advisory - Department Holds Hearing Looking Into How Automobile Insurance Groups Affect Driver Premiums
News: 2019 Press Release
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
# # #
Led by Insurance Commissioner Ricardo Lara, the California Department of Insurance is the consumer protection agency for the nation's largest insurance marketplace and safeguards all of the state’s consumers by fairly regulating the insurance industry. Under the Commissioner’s direction, the Department uses its authority to protect Californians from insurance rates that are excessive, inadequate, or unfairly discriminatory, oversee insurer solvency to pay claims, set standards for agents and broker licensing, perform market conduct reviews of insurance companies, resolve consumer complaints, and investigate and prosecute insurance fraud. Consumers are urged to call 1-800-927-4357 with any questions or contact us at www.insurance.ca.gov via webform or online chat. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.