Mercury Casualty Co., based in Los Angeles, is in trouble with California insurance regulators. Our San Francisco insurance lawyers noticed a news story earlier this month regarding Mercury’s proposed rate hikes on their homeowner’s insurance policies. Mercury had asked to raise rates on these policies by 7.3 percent. A California…
In a previous post, this blog explained what “force-placed” insurance is and how insurance companies and banks use it to charge consumers high rates, usually for a car or a home. These imposed insurance policies are intended to protect the money-lender but often come with exorbitant rates much higher than…
Our San Francisco insurance attorneys noticed a recent bad faith case against an insurance company making headlines in our state. The city of Tulare, California, is potentially on the hook for $1 million for hospital bills accrued by a city employee’s daughter, who suffered from and eventually died of cancer.…
When insurance companies commit fraud, their customers suffer. Though the customers have done nothing wrong, but they are hurt by the company’s bad acts and often are cheated out of getting the insurance protection and coverage they diligently paid for over the years. The news was about an insurance company,…
Things are happening involving insurance regulations nationwide, and our San Francisco insurance attorneys are watching the latest developments. This week the Wall Street Journal reported that California Insurance Commissioner,Dave Jones, has told other state regulators that he will not vote for proposed changes to life insurance regulations. The changes involve…
Our San Francisco insurance attorneys follow all the latest California legal developments in insurance law. Recently we noted that the California Supreme Court granted review in American States Insurance Company v. Ramirez. This case revolves around a “stuffer” put into the envelope with the employer’s insurance policy documents, requesting information…
Our San Francisco insurance attorneys noticed yet another recent news story involving a businessman using shady methods to cheat customers in a multi-million dollar insurance fraud scheme. It is sad that there seems to be no end to the various schemes unscrupulous people create to take other people’s money, and…
Another case of a shady insurance broker has come to light in California, this time making even bigger news because it affects some well known celebrities. Some of those cheated by this particular broker are Tom Hanks and Andy Summers, the former guitarist of The Police, as well as others.…
Unless you work in insurance law or the insurance field, you may not know what “force-placed” insurance is. Force-placed insurance, sometimes called “lender placed”, is when a lender or creditor takes out insurance on an asset that doesn’t have insurance, and the costs of the insurance are passed on to…
It seems every week there is a new shady situation being reported on in the California insurance law realm. While not all of these situations directly involve insurance customers, they all involve customers in an indirect manner. When shady occurrences are going on behind the scenes, it affects prices and…