Connect with us

Business

Newsom Admin Takes Steps to Stabilize California’s Troubled Insurance Market

As growing numbers of Insurance companies announce plans to exit California’s insurance market — or cancel customers’ policies — Gov. Gavin Newsom says his administration is taking steps to reverse the trend. Speaking during a news briefing on May 31, Newsom highlighted the plan, which was unveiled as part of a trailer bill on May 28.

Published

on

iStock
iStock

By California Black Media

As growing numbers of Insurance companies announce plans to exit California’s insurance market — or cancel customers’ policies — Gov. Gavin Newsom says his administration is taking steps to reverse the trend. Speaking during a news briefing on May 31, Newsom highlighted the plan, which was unveiled as part of a trailer bill on May 28.

Newsom said the proposal speeds up approvals for rate increases and addresses rising costs resulting from incidents like wildfires. Newsom said, under his plan, the Department of Insurance will be required to decide and respond to rate increase requests within 120 days. The plan also calls for streamlining the process for filing for increases; builds in two 330-deay extensions for finalizing rate changes; and provides room for insurers to appeal decisions.

“We need to stabilize this market,” Newsom said. “We need to send the right signals.

Proponents, mainly insurance industry representatives like the Personal Insurance Federation of California, are praising the Governor’s actions while consumer advocates warn that the plan is a threat to public intervention rights California’s Prop 103, a 1988 state law adopted to protect state residents from “arbitrary insurance rates and practices.”

Insurance Commissioner Ricardo Lara thanked Newsom for backing his office’s plan.

“To safeguard the integrity of the insurance market – composed of consumers, homeowners, and business owners – we must fix a system suffering from decades of deferral and delay,” said Lara in a statement. “This measure is one of several parts of a comprehensive plan to enact long-overdue regulatory reforms. The Legislature can do its part to support my reforms by giving this proposal a fair and full consideration, including public input. By enacting this important part of our strategy in statute, the Legislature can help us meet the urgency of the moment.

Lara is working on a longer-term strategy to shore up the insurance market that is expected to be released in December.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Activism

Oakland Post: Week of June 5 – 11, 2024

The printed Weekly Edition of the Oakland Post: Week of June 5 – 11, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

#NNPA BlackPress

New Car Reviews and Important Auto News

Get reviews of the latest new press cars driven and we update you on the most recent auto news of interest. Join our panel of auto influencers.
The post New Car Reviews and Important Auto News first appeared on BlackPressUSA.

Published

on


Get reviews of the latest new press cars driven and we update you on the most recent auto news of interest. Join our panel of auto influencers.

The post New Car Reviews and Important Auto News first appeared on BlackPressUSA.

Continue Reading

#NNPA BlackPress

Why the 2024 Subaru Solterra Touring EV Deserves a Spot on Your Test Drive List

Why the 2024 Subaru Solterra Touring EV Deserves a Spot on Your Test Drive List… Let’s dive into something different today. Forget about the usual dry specs and let’s talk about what makes the 2024 Subaru Solterra Touring EV not just a vehicle, but a companion for your daily adventures and beyond. Power and Poise […]
The post Why the 2024 Subaru Solterra Touring EV Deserves a Spot on Your Test Drive List first appeared on BlackPressUSA.

Published

on


Why the 2024 Subaru Solterra Touring EV Deserves a Spot on Your Test Drive List…
Let’s dive into something different today. Forget about the usual dry specs and let’s talk about what makes the 2024 Subaru Solterra Touring EV not just a vehicle, but a companion for your daily adventures and beyond.

Power and Poise on Four Wheels
First things first: the Solterra isn’t just any electric vehicle. With 215 horsepower and 249 lb-ft of torque, this car combines the environmental benefits of an EV with the performance you’d expect from a traditional engine. And because it’s all funneled through Subaru’s symmetrical All-Wheel Drive, you get a responsive, stable ride whether you’re on rain-soaked streets or a snowy pass.

Safety First, But Make It Seamless
The Solterra comes packed with features that not only keep you safe but do so without a fuss. Blind Spot Monitor, Rear Cross Traffic Alert, and the Dynamic Radar Cruise Control are just starters. Ever worried about the car behind you when you’re stopping at lights? The Emergency Driver Stop System has got you covered. Plus, the array of airbags and Vehicle Stability Control ensure that you’re cocooned in safety, making every journey worry-free.

Tech That Gets You
Inside, the Solterra is a tech haven. The 12.3” Subaru Multimedia Audio System is where the magic happens—navigation, wireless Apple CarPlay, Android Auto, and even SiriusXM for your road trip soundtracks. Not to mention, “Hey, Subaru!”, the voice-activated virtual assistant, is ready to help with your commands.

But it’s not just about convenience; it’s about enhancing your driving experience. The panoramic view monitor with a 360-degree camera and Parking Assist turns maneuvering in tight spots from a chore into a breeze.

Comfort That Keeps Up
Now, onto the interiors. Subaru has gone all out with comfort. Heated seats front and back, a heated steering wheel, and even a power sunshade for the panoramic moonroof—it’s all designed to make your ride as comfortable as possible, regardless of the weather outside. And with StarTex trimmed upholstery, the cabin isn’t just comfortable; it’s stylish and durable too.

Why Test Drive the Solterra?
Performance: It’s quick, agile, and backed by dual electric motors. Perfect for both city driving and off-road adventures.
Tech Features: From safety to entertainment, the technology packed into the Solterra is cutting-edge, user-friendly, and genuinely enhances the driving experience.
Comfort and Style: It’s designed to be a space where you want to spend time. Whether you’re commuting or heading out on a road trip, this car has the amenities to make every trip enjoyable.

Wrapping Up
The 2024 Subaru Solterra Touring EV might not just be your next car; it could be your reason to hit the road more often. With a blend of tech, comfort, and robust safety features, this car checks all the boxes for a modern driver’s needs. Sure, the EV range might make you pause, but with all its perks, it’s a contender that deserves consideration.

So, why not take it for a spin? Experience firsthand what the Solterra has to offer. Who knows, it might just surprise you.
Unique to AutoNetwork.com.

https://www.CouponsOffersAndDeals.com

Like us and share, https://www.facebook.com/autonetwork, on Facebook.
#autonetwork #autonetworkreports

[Subscribe to our channel now for more videos] https://www.youtube.com/channel/UCuN8D-xz08dJGWXVDMEIA1A

** Twitter http://www.twitter.com/liveautos
** LinkedIn http://www.linkedin.com/in/autonetwork

The post Why the 2024 Subaru Solterra Touring EV Deserves a Spot on Your Test Drive List first appeared on BlackPressUSA.

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Attorney General Bonta and his team are working to review the decision and consider all options that will protect SB 9 as a state law. Bonta said the law has helped provide affordable housing for residents in California.
City Government1 month ago

Court Throws Out Law That Allowed Californians to Build Duplexes, Triplexes and RDUs on Their Properties

Rev. Amos C. Brown, president of the San Francisco NAACP and pastor of Third Baptist Church. Photo courtesy Third Baptist Church.
Activism1 month ago

S.F. Black Leaders Rally to Protest, Discuss ‘Epidemic’ of Racial Slurs Against Black Students in SF Public School System

Vibe Bistro Logo
Community1 month ago

Opening Soon: Vibe Bistro Is Richmond’s New Hub for Coffee, Cuisine, Community and Culture

Oak Days shelter, once a Days Hotel, resides in the Hegenberger corridor of Oakland. It is used as a temporary home to 60 residents who have experienced chronic homelessness or are medically vulnerable. Photo by Magaly Muñoz.
Alameda County1 month ago

An Oakland Homeless Shelter Is Showing How a Housing and Healthcare First Approach Can Work: Part 1

Activism1 month ago

Oakland Post: Week of May 8 – 14, 2024

Gov. Gavin Newsom and Attorney General Rob Bonta.
Community1 month ago

Gov. Newsom, Attorney General Bonta Back Bill to Allow California to Host Arizona Abortion Care

Courtesy City of Vallejo.
City Government1 month ago

Vallejo Continues to Accept Applications for Boards, Committees and Commissions

Shutterstock
California Black Media1 month ago

Cinco De Mayo: Five Interesting Facts You Should Know About the Popular Mexican American Holiday

Outdoor community events are integral to San Francisco’s vibrant culture and sense of community. iStock image.
Bay Area1 month ago

Mayor Breed Proposes Waiving City Fees for Night Markets, Block Parties, Farmers’ Markets, Other Outdoor Community Events

California Supreme Court (iStock Photo)
Business4 weeks ago

Cal. Supreme Court Could Strip Gov and Legislature of Power to Raise Taxes

Rajah Kirby Caruth, an American professional stock car racing driver. (File Photo)
Community1 month ago

Rajah Caruth: Young Trailblazer of NASCAR

ELITE Sit in 1 & 2: ELITE Public School staff and students staged a sit-in at Vallejo City Hall on Wednesday afternoon to protest the City Council’s decision to vote against their Major Use Permit to expand into downtown. Photo by Magaly Muñoz.
Community1 month ago

ELITE Charter School Conducts Sit-In Protest at Vallejo City Hall After City Council Vote

San Francisco Mayor London N. Breed (File Photo)
Bay Area1 month ago

Mayor London Breed: State Awards San Francisco Over $37M for Affordable Housing

Peggy Moore and Hope Wood, photo from their hopeactionchnage.com website
California Black Media4 weeks ago

Activist and Organizer Peggy Moore and Wife Die in Fatal Car Crash

Calif. Gov. Gavin Newsom (File Photo)
Community1 month ago

Gov. Newsom Issues Proclamation Declaring Day of Remembrance for the Armenian Genocide

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.