Lara is now directing auto insurance companies to report by April 30 how they will return additional premium back to California policyholders that was reportedly over-collected in 2020. He is also directing commercial insurance companies to provide data about commercial policies held by California businesses.
“My order saved California drivers more than $1.75 billion last year — the most in the nation,” Lara said in a statement. “But while millions of us stayed home helping to fight the spread of the virus and reducing the risk of accidents for our essential workers, insurance companies continued to collect inflated premiums. The bottom line: Insurance companies overcharged consumers and need to do more to make it right and help Californians recover.”
