Car-booking services run by Uber Technologies Inc., Lyft Inc. and Side.Cr LLC are creating “serious” gaps in coverage for drivers, passengers and pedestrians, California’s insurance regulator said.
Insurers doing business in California reduced investments in Iran-linked companies by about 97 percent since 2009 under pressure from the state’s industry regulator.
State Farm Mutual Automobile Insurance Co. and units of Cigna Corp. are among insurers investing in firms that do business with Iran, California Insurance Commissioner Dave Jones said.
Nonprofit insurer Blue Shield of California submitted a proposal to raise rates on individual policyholders by as much as 59 percent beginning March 1.
WellPoint Inc., the second-largest U.S. health insurer, is leading companies that have poured $13.4 million into defeating a ballot initiative that would give California regulators the power to reject increases in health policy premiums.
"It's shocking to think that Barrera, a trusted financial-institution manager, would be a co-conspirator in a bank robbery and staged kidnapping, and then have the audacity to file a bogus workers' comp claim for traumatic stress and believe she could get away with it."
- Dave Jones on Aug 12, 2014