Politics & Government
State Commissioner Tells Auto Insurers To Disclose Profits From Pandemic
"With this letter, every insurance company is on notice to give us data so we can tell them what they owe consumers," Michael Soller said.
September 30, 2022
California's insurance commissioner ordered nearly 50 auto insurers to provide detailed information on Thursday about their claim costs during the pandemic.
Find out what's happening in Walnut Creekfor free with the latest updates from Patch.
The order is Commissioner Ricardo Lara's second attempt to compensate consumers he says were overcharged as traffic virtually disappeared when the nation's largest insurance market imposed the first U.S. coronavirus stay-home order.
Lara gave California's major insurers 30 days to respond.
Find out what's happening in Walnut Creekfor free with the latest updates from Patch.
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