Judge says State Farm shouldn't have to cut homeowner rates in blow to insurance commissioner - News Summed Up

Judge says State Farm shouldn't have to cut homeowner rates in blow to insurance commissioner


In 2016, the department started sending letters to insurers saying it believed their rates were too high and that if they did not act to lower rates by a set date, the department may ultimately order them to cut rates retroactively to that date. Frazier said insurers are keen to know whether the department has the authority to make such a threat.


Source: Los Angeles Times March 27, 2018 09:56 UTC



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