California Insurance Commissioner Lara's actions threaten public involvement in insurance rate reviews, possibly reducing billions in consumer savings.
Consumer Watchdog raises concerns over California Insurance Commissioner Lara's actions, which threaten public involvement in insurance rate reviews, risking billions in savings for consumers. The group states that active participation in rate reviews over two decades saved consumers $6bn. Despite Commissioner Lara abandoning a budget trailer bill that would exclude the public, Consumer Watchdog remains worried about new procedures possibly limiting public participation.
August 09, 2024
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