Commissioner unveils plan for home insurers to base California rate hikes on catastrophe prediction models

In an effort to staunch the exodus of home insurers fleeing the state, California Insurance Commissioner Ricardo Lara on Thursday unveiled a proposal for letting those insurers use computer models of possible future catastrophes to justify rate increases. The plan is part of yearlong effort to…#californiainsurance #ricardolara #bayarea #proposition103 #harveyrosenfield #prop103s #florida #rosenfield #ricardolarainsurers #lara
Source: Reuters: Health - Category: Consumer Health News Source Type: news