Changes would allow labor rates determined in older survey to move down if the consumer price index declines. Would restrict labor rate methodology to use price charged by the simple majority versus average labor rate. The California Department of Insurance (DOI) has published amendments to proposed regulations governing insurance company labor rate surveys and anti-steering […]
Louisiana Issues Reminder to Insurance Companies on Flood-Damage Vehicles
Following the federal declaration of disaster for Louisiana, the Department of Insurance is issued a reminder to insurance companies regarding Certificate of Destruction title requirements. According to the Department, in accordance with La. R.S. 32:707.3, when, as a result of an insurance settlement, a motor vehicle is determined to be a total loss due to […]
Insurance Associations Oppose Proposed California Collision Repair Labor Rate and Anti-Steering Regulations
Five trade associations representing auto insurers in California are opposing regulations proposed by the California Department of Insurance to regulate labor rate surveys and steering within the largest insurance market in the U.S. Five property casualty insurance trade associations, representing nearly 100 percent of the California auto insurance market offering both commercial and personal auto […]
California Department of Insurance Proposes New Labor Rate and Anti-Steering Regulations
Proposed regulations seek to improve the accuracy and transparency of collision repair labor rate surveys, clarify anti-steering requirements for insurers. In early March, the California Department of Insurance published proposed regulations to change the requirements for labor rate surveys conduct across collision repair facilities as well as amendments to anti-steering regulations. The California Autobody Association […]
Leslie Hess Appointed Interim Director of Arizona Department of Insurance
Arizona Governor Doug Ducey has appointed Leslie Hess as the Interim Director of the state’s Department of Insurance. Hess has worked in the insurance and financial services industries, both the private and public sector, for over 25 years. Hess was with the Department of Insurance for 12 years as deputy receiver and legal advisor. She […]