Business Law Insurance Law Committee

The following regulatory information may be of interest to attorneys practicing insurance law. Rate Application Process On August 9, 2024, the CDI published a Bulletin titled “Revisions to Department Review of Complete Rate Applications” which sets forth the process the CDI will follow with respect to review of rate applications “once full implementation of a data reconciliation tool and process is achieved” that would streamline timeframes for rate review. 2024 Year End Notice On August 16, 2024, the CDI published… Read more

June - July 2024 The following published decisions may be of interest to attorneys practicing insurance law: UNITED STATES SUPREME COURT An insurer with financial responsibility for claims has standing to assert objections to an insured’s bankruptcy plan. Truck Insurance Exchange v. Kaiser Gypsum Co., Inc., et al. (2024) 602 U.S. __; 144 S.Ct. 1414. Kaiser Gypsum filed for Chapter 11 bankruptcy and sought to establish an asbestos bankruptcy trust to respond to its ongoing liability for asbestos claims.  Its… Read more

The undefined term “occurrence” in a property policy refers to the cause of the loss; a coordinated theft that occurs in multiple stages close in time and space constitutes a single “occurrence.”. Apex Solutions v. Falls Lake Insurance Management (2024) __ Cal.App.5th __. Read more

The following regulatory information may be of interest to attorneys practicing insurance law. This information is current as of March 19, 2024. Read more

A notice of cancellation of an auto policy must go to all insureds identified on the declarations page, not only the “named insureds.” Molinar v. 21st Century Insurance (2024) __ Cal.App.5th __. Read more

On January 30, 2023, the CDI issued Bulletin 2023-1 titled “Increase in Private Passenger Motor Vehicle Financial Responsibility Requirements -- Senate Bill 1107” reminding insurers writing automobile liability insurance to make rate filings by July 1, 2023 in order to update their rates to reflect the increase in minimum liability coverage to $30,000 effective January 1, 2025. Read more

Insurance Code section 533 does not bar coverage for employment retaliation claims under Labor Code section 1102.5, subdivision (c).  City of Whittier v. Everest National Insurance Co. (2023) 97 Cal.App.5th 895. Read more

The following regulatory information may be of interest to attorneys practicing insurance law. This information is current as of January 16, 2024. Read more

On August 14, 2023, the CDI issued a Notice of Export List Public Hearing setting the hearing date at 10:00 a.m. on September 14, 2023.  Read more

The following published decisions may be of interest to attorneys practicing insurance law. Read more