California insurance commissioner orders refunds during coronavirus

This is hot off the press and really caught my eye so I wanted to pass it along to our readers. California insurance commissioner Ricardo Lara announced at a press conference today that he is ordering some insurance companies to refund monthly premiums for March and April. Ricardo Lara, who is openly gay, declared, “consumers are suffering” as his rationale for this wonderfully drastic action. He also noted that this refund mandate might also include May but that determination will be made at a future date.

Here is a snippet from the Washington Times,

California’s insurance commissioner on Monday ordered some companies to refund premiums for March and April because of the coronavirus, issuing a broad directive that includes payments made for workers compensation, medical malpractice and private and commercial auto policies.

Washington Times, April 13th, 2020

If you’d like to read this article in its entirety you can do so after the jump.