CDI

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  California passes Dodd-Frank-compatible insolvency legislation

  By Elizabeth Festa  |  October 2, 2012

  AIG would fall under the new law, as it was disclosed by the shaken insurance giant today that it is being considered for federal supervision by the FSOC.

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  California Health Insurers Reduce Rate Increases to Tune of $48 Million

  By Elizabeth Festa  |  July 9, 2012

  Small group health rates lowered. A savings benefit to small employers.

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  California Advances Bill to Beef Up Anti-Fraud Efforts

  By Elizabeth Festa  |  May 31, 2012

  Specifically, it would increase the current annual assessment of 10 cents per insured paid by health and disability insurers to up to 20 cents.

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  Who will be the next Glenn Neasham?

  By Elizabeth Festa  |  May 2, 2012

  Lake County, California, is said to be known for a few things besides having the state’s largest freshwater contained lake—pear production, bird watching, wineries, recent meth lab busts and Glenn Neasham, the convicted insurance agent who thought, he claims, he was selling a good product to a competent senior.

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  California Moves on Health Reform in 2012 with a Host of Measures

  By Elizabeth Festa  |  April 30, 2012

  CO-OP legislation, health insurance provider termination disclosure enhancement and increased funds for local DA offices for prosecution of fraud are moving through the state legislature now.

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  California Agent Arrested on Charges of Financial Elder Abuse

  By Warren S. Hersch  |  April 26, 2012

  California Insurance Commissioner Dave Jones today announced the arrest of Frank J. Conlon, 73, charging the Los Angeles-based agent of two felony counts for allegedly defrauded seniors and embezzling premium funds in excess of $1 million.

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  Who Will Be the Next Glenn Neasham?

  By Elizabeth D. Festa  |  April 20, 2012

  When Glenn Neasham was convicted on felony theft charges and sentenced to jail for selling an annuity to an 83-year-old woman with dementia, it sent shockwaves through the agent community. But a bigger issue looms: Will Neasham's case repeat itself elsewhere?

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  In California, Autism Coverage Precedes Specific Legislation

  By Elizabeth Festa  |  February 1, 2012

  Insurers' denial of autism and pervasive development disorder (PDD) and other behavioral health treatment coverage will be stopped in its tracks, according to California Insurance Commissioner Dave Jones as he enforces the existing Mental Health Parity Act.

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  Consumer Watchdog Files Health Rate Justification Initiative in California

  By Elizabeth D. Festa  |  November 10, 2011

  All parties grapple with rising healthcare costs passed to consumers, with some demanding justification for rates under penalty of perjury, and others saying, "Just put down that butter pecan ice cream and take a walk." Will that solve our problems?

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  California Gets 10 New Consumer-Oriented Insurance Laws

  By Elizabeth Festa  |  October 12, 2011

  From suitability to licensing to autism coverage to implementation of provisions required under the health care reform and the Wall Street reform federal measures, the governor's pen is busy, and hasn't run out of ink, yet. Coming up next session: health insurance rate regulation.