On August 31, 2018, the California Legislature passed a number of bills addressing various issues related to wildfires that have ravaged the state in recent years. The following bills relate to insurance in connection with past and future wildfires.
Read MoreOn August 31, 2018, the California State Legislature passed Senate Bill 1121, amending the California Consumer Privacy Act of 2018 (“CCPA”). The CCPA, which contains the broadest consumer data privacy protections in the country, was hastily passed in June to forestall an advocacy group from putting a more restrictive bill before voters in a November referendum.
Read MoreOn August 10, 2018, the California Department of Insurance took the unusual step of posting an opinion about underwriting rules used by property and casualty carriers who must file their rates for prior approval.
Read MoreIn This Issue:
Follow the Leader: NYDFS Cybersecurity Regulation Leads the Way for Other States and Industries
Read MoreOn June 4, California Insurance Commissioner Dave Jones announced that he approved the first Cannabis Business Owners Policy (“CannaBOP”) in California.
Read MoreOn Wednesday, the NAIC’s Center for Insurance Policy and Research hosted a webinar entitled “Weeding Through the Unique Insurance Needs of the Cannabis Industry.” The webinar kicked off with comments from Dave Jones, Commissioner of the California Department of Insurance.
Read MorePrior to the 1990’s Bellefonte Reinsurance Co. v. Aetna Cas. & Sur. Co., 903 F.2d910 (2d Cir. 1990) (“Bellefonte”) decision, the insurance/reinsurance industry operated under the assumption that expenses in addition to loss, unless explicitly excluded, were included coverages under facultative reinsurance certificates.
Read MoreIn a letter sent to California insurers on 4/20, California Insurance Commissioner Dave Jones reiterated his call for insurers to file rates and forms for insurance products for the California cannabis industry.
Read MoreCalifornia’s reinsurance regulations (Cal. Code Regs. tit. 10, §§ 2303 – 2303.29) were amended effective the first of this year. The revisions included changes to update the regulations to comport with current law and current Department of Insurance practice.
Read MoreCalifornia’s wildfire season has been a long and grueling one this year, scorching both the northern and southern halves of the state. Although some of the fires are still burning, eventually the state’s winter rains will come and douse the remaining embers.
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