Perspective
Nov. 17, 2010
A 'Get Out Of Jail Free' Card For the Insurance Industry
The conclusion to a two-part series on Proposition 103 and the regulation of insurance companies. By Harvey Rosenfield of Consumer Watchdog.
Twenty-two years ago, California voters overhauled the Insurance Code. Proposition 103 bars unfair practices and requires stringent regulation of auto, home and business insurance rates. To protect their reforms, the voters also gave themselves the unconditional right to bring civil suits against insurance companies that violated any provision of Proposition 103. But the industry now argues that the Insurance Code still bars such lawsuits - a...
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