Court Delays Ruling On Honda Hybrid Suit

An unusual small claims lawsuit by a Honda hybrid owner took another complicated turn last week with additional arguments that prompted a commissioner to delay a ruling for more consideration. Superior Court Commissioner Douglas Carnahan said he was aware of “a media blitz on this case,” and wanted to be clear on all of the issues raised by Honda owner Heather Peters. Peters told the court she was anxious to get the matter resolved and did not want to waste the court’s time

California Insurance Commissioner, Insurers Settle on Iran Investments

California Insurance Commissioner Dave Jones and a group of insurers have settled litigation over insurer investments in companies doing business in Iran, it was announced on Friday. The terms of the settlement permit the Jones to “maintain a public list of businesses involved in volatile sectors of the Iranian economy,” according to a statement issued by Jones’ office. The settlement also prevents Jones from declaring the investments of insurers in question to be declared non-admitted

Jones: California Workers’ Comp Filings Show Companies Using Advisory Rates

A majority of companies are using California Insurance Commissioner Dave Jones’ approved advisory pure premium rates in their rate filings for 2012, and the result is a combined increase of 2.8 percent for companies, according to Jones’ office. On the face of it, the small increase and improved guidance from Jones are a win for the commissioner.

Ratings Roundup: Dah Sing, Kiln, Ghana Re

A.M. Best Co. has withdrawn the financial strength rating of ‘A-’ (Excellent) and issuer credit rating of “a-” of Bermuda-based Dah Sing Insurance Company Limited (DSI), due to its business being transferred to Dah Sing Insurance Company (1976) Limited (DSI 1976), which is based in Hong Kong

California Department of Insurance: $54 Million Recovered in 2011

The California Department of Insurance recovered more than $54 million for consumers through consumer complaint investigations and market conduct examinations of insurance companies in 2011, California Insurance Commissioner Dave Jones announced on Tuesday. The department’s consumer services and market conduct branch has two divisions. One division focuses on assisting consumers and the other focuses on examinations of insurance companies.

Kansas Insurance Regulator Rebuffs Proposed Workers’ Comp Rate Increase

Kansas’ top insurance regulator has refused a proposed workers’ compensation rate increase and actually got the rate to drop slightly, the state insurance department announced. Insurance Commissioner Sandy Praeger rebuffed a recommendation for a workers’ comp rate increase from the National Council on Compensation Insurance Inc. (NCCI).

Jones Clears Way for California’s “Principally At-Fault” Regulations

California Insurance Commissioner Dave Jones on Wednesday announced the final approval of amended regulations that simplify the requirements for determining whether a driver is principally at-fault (PAF) for an accident, which impacts consumers’ ability to obtain good driver discounts under Proposition 103.

Administration Grants States Leeway on Health Benefits Package

The Obama administration has rolled out a benefits framework for millions of people who will get private insurance through the health care overhaul, but states will decide the specifics. The new law calls for the federal government to set a basic benefits package for private insurance. But that’s tricky territory for the administration as it tries to avoid the “big brother” label on health care

Appeals Court in Texas Accepts State Farm Refunds Case

State Farm Insurance has asked an appeals court to throw out an order requiring the company to refund about $350 million to Texas customers. A three-judge panel of the 3rd Court of Appeals in Austin took the case under advisement on Dec.

Nevada Caughlin Ranch Fire Claims Exceed $16 Million

Nevada’s insurance carriers have reported they have received around 600 claims as a result of the Caughlin Ranch Fire resulting in more than $16 million in claims, Nevada’s insurance commissioner said on Friday. The losses from the fire, which forced close to 10,000 to evacuate, destroyed 32 homes and destroyed nearly 2,000 acres, was mostly due to fire, wind or smoke damage, according to Nevada Insurance Commissioner Scott J. Kipper

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