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Access Insurance consumers urged to find new coverage now; all policies to be terminated by April 12
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- Written by: California Department of Insurance
The policy cancellations are the result of a liquidation order issued against Access Insurance Company by the Texas Department of Insurance on March 13.
The Texas liquidation order provides in part that all policies and insurance contracts issued by Access in effect on March 13 shall continue in force only until either the 30th day after entry of the liquidation order; the date of expiration of the policy coverage; or the date the insured has replaced the policy or otherwise terminated the policy, whichever occurs first.
"As insurance commissioner, my first priority is protecting consumers-that includes helping affected policyholders navigate the liquidation process and offering assistance to address their questions," said Insurance Commissioner Dave Jones. "We have been hearing from consumers who are confused about the cancellation notice they received and we want to make sure policyholders understand the steps they need to take."
Any claim filed by consumers with Access Insurance Company prior to March 13 will be transferred by the liquidator to the California Insurance Guarantee Association (CIGA) for payment so do not need to be refiled.
Consumers with new claims can submit their claims directly to Access Insurance Company and those claims will be transferred to CIGA. CIGA will provide notice to all Access policyholders of the deadline for filing claims with CIGA. Consumers whose coverage will be terminated mid-policy are also entitled to file a claim with CIGA for the return of the unearned portion of premium previously paid.
Earlier this month, Insurance Commissioner Dave Jones issued a cease and desist order against Access that requires the company to immediately stop writing any new or renewal insurance business of any kind in the State of California.
California consumers who have questions or issues are encouraged to contact the department's consumer service team at 1-800-927-4357.
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- Written by: State Controller's Office
Personal income tax, corporation tax, and sales and use tax increased by $5.70 billion, $1.90 billion, and $84.2 million, respectively. At June 30, 2017, the General Fund cash balance of $5.93 billion equated to 19 days of state operating expenditures.
The state’s general revenues increased by $8.00 billion, or 5.7 percent, over the prior year – significantly more than the 1.0 percent growth experienced in fiscal year 2015-16.
For the fiscal year, the state’s revenue exceeded expenses by $9.40 billion for governmental activities, marking the fifth consecutive year the state’s financial position improved.
California had a net pension liability of $86.07 billion as of June 30, 2017. The state had $243.87 billion in total long-term obligations including bonds, pensions, loans, and leases.
“While California’s economy is vibrant and rainy day fund reserves are strong, we must not become complacent. An economic downturn may very well be on our doorstep,” said Controller Yee, the state’s chief fiscal officer. “I support the governor’s focus on paying down debts and liabilities to counter the potential fiscal impact of federal policy changes on California and the lurking end of economic expansion.”
The CAFR, prepared by the Controller’s team each year, adheres to generally accepted accounting principles and follows guidance from the Governmental Accounting Standards Board, or GASB.
Independently audited by the California State Auditor, the CAFR allows apples-to-apples comparisons between entities, which is valuable to the public, financial experts and investors.
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- Written by: California State Board of Food and Agriculture
The meeting will be held at the California Department of Food and Agriculture, 1220 N Street – Main Auditorium, Sacramento, CA 95814. In addition to an update on California’s water situation, the board will hear perspective from South Africa on the impending ‘Day Zero’ in Cape Town – where drinking water supplies could run out in the coming months.
“Over the last two years I’ve had the opportunity to visit several countries impacted by drought as well as limited groundwater supplies,” said CDFA Secretary Karen Ross. “What sets California apart, is our forward thinking approach to long term challenges and a commitment by farmers and ranchers to be part of the solution. Water availability is critical to all sectors of our economy, including cities, agriculture and the environment.”
Invited speakers include: Region Director David Murillo, U.S. Bureau of Reclamation Mid-Pacific Region, Director Karla Nemeth, California Department of Water Resources; Erik Ekdahl, State Water Resources Control Board; Ronald Samuelian, Provost & Pritchard Consulting Group; Jason Pucheu, Maricopa Orchards; and Christina Babbitt, Environmental Defense Fund (EDF).
The board will also hear presentations by Jeremy Gorelick (USAID Program/South Africa) and Anton Rabe (HORTGRO) via skype discussing ‘Day Zero’.
In addition, the board will hear an update on sustainable groundwater management.
Representative from Maricopa Orchards and Provost & Pritchard Consulting Group will provide perspective on groundwater challenges from a critically overdrafted groundwater basin.
“While recent weather conditions have been beneficial, we are still below average on statewide snowpack,” said President Don Cameron, California State Board of Food and Agriculture.
“Hearing from federal and state water officials on our water outlook is critical to growers not just in the Central Valley, but throughout the state as we plan for the next water year.”
The California State Board of Food and Agriculture advises the governor and the CDFA secretary on agricultural issues and consumer needs. The state board conducts forums that bring together local, state and federal government officials, agricultural representatives and citizens to discuss current issues of concern to California agriculture.
All meetings are open to the public and attendance is welcome.
Follow the board on Twitter at: www.twitter.com/Cafood_agboard.
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- Written by: Clear Lake Chamber of Commerce
Photo La Quinta won the Clear Lake Chamber's business card drawing during the chamber’s March mixer.
Photo La Quinta specializes in product shoots, landscape photos, and exterior and interior photo shooting.
Located in the Clearlake Oaks, Photo La Quinta is an owner-operated business since 2004. It is known locally for having reasonable prices and on location shoots.
Joining the Chamber in 2016, Anu Ylonen is an active valued member of the Clear Lake Chamber of Commerce, serving as a chamber ambassador since she joined the chamber.
Watch the media for the chamber’s next mixer and the chance to become its next business of the month.
Formed in 1947, the Clear Lake Chamber of Commerce is the original business chamber in Lake County. Its headquarters are located at 14295 Lakeshore Drive in Clearlake.
The chamber is a network of active business owners who work together to provide support and advocacy for Lake County businesses in order to promote Lake County’s growing economy.
Businesses interested in expanding their market share are encouraged to join the chamber by contacting office manager Patrick Prather at 707-994-3600.