What’s Trending in Rate Regulation for 2017

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What’s Trending in Rate Regulation for 2017 AICP Western Chapter Eday June 1, 2017 Ken Allen, Deputy Commissioner Rate Regulation Branch

What’s Trending in Rate Regulation for 2017 Wildfire – Usage of Models in UW & Rating UW – Shall be sufficiently detailed to determine the appropriate rating plan for the insured; specific, objective factors having a substantial relationship to an insured’s loss exposure. Rating – Justification for selected rating relativities based on the company’s own historical data.

What’s Trending in Rate Regulation for 2017 Bail Bonds – Public Hearing to Examine Bail System in CA, January 31, 2017 https://www.insurance.ca.gov/0400-news/multimedia/0030VideoHearings/index.cfm (3:21.53) Legislation – SB10 & AB42 both would revise the pretrial release system by limiting pretrial detention to specified persons, eliminating the use of bail schedules, & establishing pretrial services agencies tasked with conducting risk

What’s Trending in Rate Regulation for 2017 Variances CCR § 2644.27. Variance Request

What’s Trending in Rate Regulation for 2017 Auto Class Plans https://www.insurance.ca.gov/0250-insurers/0800-rate-filings/

What’s Trending in Rate Regulation for 2017 Institutional Advertising (an excluded expense!) https://www.insurance.ca.gov/0250-insurers/0800-rate-filings/0200-prior-approval-factors/index.cfm §2644.10 (f): Advertising not aimed at obtaining business for a specific insurer and not providing consumers with information pertinent to the decision whether to by the insurer’s product.

What’s Trending in Rate Regulation for 2017 The old old:

What’s Trending in Rate Regulation for 2017 The old:

What’s Trending in Rate Regulation for 2017 The new: Samples or realistic representations of advertisements the company claims fall under the category of Non-Institutional advertising expenses must be provided in rate filings.

What’s Trending in Rate Regulation for 2017