SACRAMENTO, CA — The 2016 California legislative session was a productive year for property casualty insurers, says ACIC, the California voice of the Property Casualty Insurers Association of America.
“Legislators and Gov. Brown addressed several important issues needed to modernize the insurance code to keep pace with how policyholders want to communicate with their insurer and protect consumers active in the sharing economy,” said Armand Feliciano, ACIC vice president.
Gov. Jerry Brown recently approved legislation co-sponsored by ACIC to enable California insurance customers to conduct more activities electronically.
“Gov. Brown signed AB 2591 which enables policyholders opting in for a paperless policy to add a new driver or new car to their policy without mailing paper copies,” said Feliciano. “This bill will also preserve existing consumer protections in the California Civil and Insurance Codes while reducing unnecessary paper waste.”
The California Legislature and Gov. Brown also approved SB 1092 by Senator Bill Monning, D-Santa Cruz. This new law requires online hosting platforms to provide a notice to homeowners and renters to review their insurance policy for appropriate insurance coverage prior to participating in the activity. This approved legislation will help homeowners protect their biggest asset and clarifies who pays for what and up to what amount.
“Insurers also successfully lobbied to stop a bill that would have increased litigation costs,” said Feliciano. “SB 270 would have jeopardized insurers’ ability to contract for litigation services offered by deposition service firms.”