Insurance
Dec. 9, 2010
Putting an End to the Game of Chance in Insurance Rate Making
Why the roles of insurance litigators and regulators should remain separate. By Sam Sorich, Association of California Insurance Companies and Kimberly Dellinger Dunn, Personal Insurance Federation of California.
In yesterday's first part commentary on the recent MacKay v. Superior Court ruling, we underscored the fact that Proposition 103 subjects auto and home insurers to intense scrutiny by the California Department of Insurance and that companies face harsh sanctions for any violation of rating laws - and that the MacKay ruling does not impact Proposition 103, but merely shuts off the attorney fee spigot. Today'...
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