Tag: california policyholders

Farmers Insurance to Gradually Reintroduce Coverage Options in California

H. Cutner
Farmers Insurance

Farmers Insurance has announced the phased return of multiple insurance lines for new customers in California, starting December 14, 2024. This move signals a notable shift in the state’s insurance market, bringing expanded coverage options that had been unavailable to new customers for over a year. This development is underpinned by improvements in the regulatory and economic environment, encouraging insurers to revisit their offerings in California. Farmers Reinstated Insurance Lines After a significant pause, Farmers Insurance is set to roll out several key coverage options that aim to alleviate gaps…

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Blue Cross Blue Shield of California to return millions of dollars to policyholders

H. Cutner

Last year, California health insurer Blue Cross Blue Shield announced that it would be returning more than $160 million in surplus profits to its 2 million policyholders. Amidst accusations of profiteering, the company has announced another wave of refunds that will total $283 million, which will begin being sent out in December of this year. Most of the rebates will come in the form of credit on insurance bills. The company notes that December’s refund will likely cut policyholder’s bills by at least half. Individual policyholders can expect to see…

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