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.
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.