X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
“With this pandemic continuing to dramatically widen the country’s income and equality gap, I am proposing these new rules that make car insurance discounts more equitable and available to the communities who can least afford to pay more for insurance,” California Insurance Commissioner Ricardo Lara, said in a release. (Credit: BLACKWHITEPAILYN/Shutterstock.com) “With this pandemic continuing to dramatically widen the country’s income and equality gap, I am proposing these new rules that make car insurance discounts more equitable and available to the communities who can least afford to pay more for insurance,” California Insurance Commissioner Ricardo Lara, said in a release. (Credit: BLACKWHITEPAILYN/Shutterstock.com)

In an effort to extend group discounts for auto insurance to lower-income drivers, blue-collar workers and motorists of color, California has issued revised draft regulations following a two-year study that found group discounts disproportionately benefit wealthier and more highly educated Californians when it comes to auto rates, according to the California Department of Insurance.

The move would be the first major reform to group discounts since California voters approved Proposition 103 in 1988, the department reported. The revisions include:

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

More from this author

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.