Could The Cure For California's Insurance Crisis Be Worse Than The Disease?

California, like Florida, is experiencing a full-blown home insurance crisis characterized by some of the nation's major insurers leaving the market because of the increasing cost of covering claims. To stop more insurers from leaving the state, California Insurance Commissioner Ricardo Lara has proposed sweeping changes that would give insurers greater flexibility to increase homeowner premiums. However, his predecessors fear the proposed cure could be worse than the disease. California Insuran

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