California
California Cellphone Crackdown Successful
Nothing says “Merry Christmas,” like being caught by the cops when you’re breaking the state laws restricting the use of cell phones while driving, and in Sacramento County, roughly 3,000 drivers received that greeting during the “Phone in One Hand, Ticket in the Other” program that ran there from November 30-December 9. California was actually […]
Read moreAllstate Launches Identity Theft Coverage in California
According to several sources, there are roughly nine million Americans who are victims of identity theft every year, resulting in millions of hours spent trying to resolve the issues associated with having your identity stolen. As a measure of protection, Allstate Insurance Company is offering its customers in California coverage to help mitigate the expense […]
Read moreCalifornia Assembly Approves Helmet Law…for Skiers.
The California Assembly has passed a bill requiring that snowboarders and skiers under the age of 18 would be required to wear helmets while playing on the slopes. It was approved by a party-line vote of 49-23. Not surprisingly, Republican legislators referred to the bill as the latest example of “nanny state” laws. Supporters of […]
Read moreAetna Suspends Rate Hike in California
Following in the footsteps of Anthem Blue Shield and PacifiCare, Aetna Inc. has become the third major health insurance company in California to announce that it was stepping back from its proposed rate increase there. Now, instead of roughly 43,000 Aetna policyholders being handed a rate hike of 17.9%, their insurance will go up only […]
Read moreCalifornia Senators Introduce Earthquake Insurance Affordability Act
Last week, Democratic U.S. Senators Barbara Boxer and Dianne Feinstein, both form California, introduced a new piece of legislation designed to reduce the cost of earthquake insurance for Californians and other individuals who buy earthquake insurance coverage from non-profit, state-run, earthquake insurance programs. The legislation, dubbed the Earthquake Insurance Affordability Act, allows the California Earthquake […]
Read moreCA Insurance Commissioner Calls on Insurers to Invest in Community Development
Dave Jones, the California Insurance Commissioner, has offered the insurance industry $4.67 million worth of tax credits to invest in under-served communities. In a letter he sent to the CEOs of insurance companies doing business in California, Jones encouraged insurers to place part of their $4 trillion in investments into COIN – the California Organization […]
Read moreCalifornia Fault Lines go Online
If you’re thinking about moving to (or within) California, and are curious about where your prospective dwelling is, in relation to fault lines, there’s good news for you. As long as you have Internet access you now have the ability to find out whether or not the place you want to live is on a […]
Read moreCalifornia Insurance Commissioner Files Lawsuit to Prevent Iranian Investments
Steve Poizner -a California Insurance Commissioner, has stated that he is filing a lawsuit challenging last month’s decision from the California Office of Administrative Law (OAL) that his efforts to prevent insurance companies from investing in Iran constituted an “underground regulation.” Poizner’s lawsut contests the OA’s analysis of this issue and also seeks to clarify […]
Read moreCalifornia Legislature FINALLY Passes 2010-2011 Budget
Californians will be relieved to know that their state Legislature has finally approved a new budget for it’s 2010-2011 fiscal year, passing it a hundred days after its deadline. The new budged includes projects that will save CalPERS $100 billion though part of that plan involves rolling back pension benefits that were approved eleven years […]
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