Tag Archives: Department of Insurance

Geico Agrees To $6-Million Settlement In Discriminatory Pricing Case

by Nick Shively, Los Angeles Times

Mike Konopacki / CFC

The agreement stems from a petition filed by the Consumer Federation of California asking the department to take action against the Chevy Chase, Md.-based insurer on the grounds that it was discriminating based on occupation, education level and other personal characteristics. The federation had tested Geico’s website and found the insurer misrepresented information for customers who were unmarried, unemployed or employed in a low-wage occupation, had not obtained a four-year college degree and had gaps in insurance coverage, according to the petition documents. Read More ›

Why Did It Take 7 Months To Learn Blue Shield Lost Tax-Exempt Status?

by Chad Terhune, Los Angeles Times

California Insurance Commissioner Dave Jones

California Insurance Commissioner Dave Jones on Wednesday applauded the [California Franchise Tax Board’s] move as further proof that “Blue Shield charges excessive rates and acts like a for-profit insurer.” Now consumer groups are asking for legislative hearings into the tax board’s handling of the Blue Shield matter. … State Sen. Ed Hernandez (D-West Covina), Senate Health Committee chairman, said he too wanted more answers from the franchise tax board and welcomes a debate over whether Blue Shield is meeting its obligations to taxpayers. Read More ›