News
California Department of Insurance Withholding Consumer Complaint Data from Advocacy Group
The Life Insurance Consumer Advocacy Center has repeatedly been denied available data FOR IMMEDIATE RELEASE PLEASANT HILL, CA –The California Department of Insurance (CDI) has repeatedly denied lawful and proper Public Records Act requests by the Life Insurance Consumer Advocacy Center (LICAC) for statistics in CDI’s possession on complaints by California consumers concerning life insurance and…
Why Is the California Department of Insurance Trying to Hide Data About Consumer Complaints?
The California Department of Insurance (CDI) has repeatedly denied LICAC’s lawful and proper Public Records Act requests for statistics in CDI’s possession on complaints by California consumers concerning life insurance and annuities. The requested information concerns the number and types of such complaints as well as reports and data that were used in the preparation…
Coalition of Consumer and Senior Groups Urges Governor Newsom to Veto SB 263
SB 263 Harms Consumers and Undermines Vital Regulations CONTACT Brian Brosnahan: [email protected] Robert Herrell: [email protected] (916) 270-3404 SACRAMENTO, CA – A coalition of consumer and senior groups has sent a letter urging Governor Gavin Newsom to veto SB 263. Senator Bill Dodd’s (D – Napa) Senate Bill 263, sponsored by the California Department of…
Coalition Letter to Governor Newsom: Veto SB 263
Coalition SB 263 Veto Letter to Gov. Gavin Newsom 2.22.24 February 22, 2024 The Honorable Governor Gavin Newsom 1021 O Street, Suite 9000 Sacramento,CA 95814 RE: VETO SB 263 (Dodd) Dear Governor Newsom: Our coalition of consumer and senior groups urges you to veto SB 263 (Dodd) because it is bad…
Leading Senior Groups Join Coalition Opposing SB 263
SB 263 Harms Consumers and Undermines Biden Administration’s Retirement Security Proposal SACRAMENTO, CA – Senator Bill Dodd’s (D – Napa) Senate Bill 263, sponsored by the California Department of Insurance (CDI), was passed by the Assembly on Monday, February 12, without the implementation of key amendments proposed by consumer protection groups. The coalition of consumer groups…
WHY IS THE INSURANCE COMMISSIONER COLLUDING WITH LIFE INSURERS TO UNDERMINE CONSUMERS AND THE BIDEN ADMINISTRATION?
The CA Dept. of Insurance is sponsoring a bill heavily influenced by life and annuity insurers that undermines what Biden’s Department of Labor has proposed to keep consumers away from unsuitable products Bill being rushed months before deadline harms consumers; no meaningful negotiations despite bill’s previously being held up to allow consumer voices to be…
Consumer Groups Applaud Biden Administration’s New Fiduciary Rule Designed to Protect Retirement Savers
Consumer Groups Also Warn of Coming “Train Wreck” In California If Senate Bill 263 Is Passed By The California Legislature A coalition of consumer groups, including the Life Insurance Consumer Advocacy Center, have expressed strong approval for the proposed “Retirement Security Rule” announced by the United States Department of Labor on October 31, 2023. The…
California Legislature Puts A Hold On Anti-Consumer Bill Backed By Insurance Industry
In September, the Assembly Appropriations Committee of the California Legislature stopped SB 263 (Dodd) in its tracks by making SB 263 a “two-year bill,” meaning that the bill will not pass this year but may be taken up again next year by the sponsor, the California Department of Insurance (CDI), and the author, Senator Bill…
Life Insurance Consumer Advocacy Center Shares Concerns Over New Proposed California Law that Works a Fraud on Consumers
A proposed new California law would allow life insurance agents to mislead their consumer customers by saying they have no conflicts of interest with the consumer even if the agent stands to gain many thousands of dollars if the consumer accepts the agent’s recommendation. The same law allows agents to tell their consumer customers that…