California Commissioner Angry at Insurers for Altering Wildfire Bills

June 28, 2018

  • June 28, 2018 at 4:03 pm
    Good Hands says:
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    If the homeowner is underinsured do they bear NO responsibility for that? Why should the insurer open its pockets to pay for a risk that was not adequately priced? The rule as proposed by the OIC in California treats insurers like NGOs. The price paid by having a weak insurance market is lost interest on the part of insurers to participate weakening capacity.
    There is a public benefit attached to having a healthy regulatory environment. California is a toxic economy.



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