California Insurance Commissioner Lara's New Regulations May Limit Consumer Ability to Challenge Premium Increases
California Insurance Commissioner Ricardo Lara has introduced new regulations that critics argue will reduce consumer ability to challenge insurance premium increases. Consumer advocacy groups claim this will lead to higher insurance rates and more industry abuses. The changes target provisions of Proposition 103, a 1988 law that allows consumers to challenge insurance companies with legal and expert support.
Topics: Consumer Advocacy Insurance Premiums Insurance Regulation Policyholder Rights Proposition 103