California Department of Insurance holds Hearing on How Automobile Insurance Groups Affect Driver Premiums

On Tuesday September 17, 2019, Insurance Commissioner Ricardo Lara will hold a hearing in Los Angeles to learn how insurers’ use “affinity group” criteria, such as occupation or education level, to set automobile insurance rates. California’s insurance code “permits insurers to issue insurance coverage on a group basis; however, the rates charged for any group insurance are also required to comply with other applicable California laws.” Commissioner Lara has received complaints that drivers with similar driving characteristics are receiving different automobile group rates due to affinity group criteria.

To view the press release from the California Department of Insurance, click here.

To view the Notice for the hearing, click here.

Written by Alexandra Moyer

Leave a Reply

Your email address will not be published. Required fields are marked *