Learn English: Homeowners Face Potential Surcharges After California Wildfires (hard)

3 days, 13 hours ago

Homeowners Face Potential Surcharges After California Wildfires

A consumer group is suing California's insurance commissioner over potential surcharges on homeowners' insurance policies.

These surcharges aim to recoup billions of dollars in losses incurred by the California Fair Plan after devastating wildfires.

The lawsuit claims the commissioner violated state law by approving a deal allowing insurers to pass costs onto policyholders.

Consumer Watchdog argues this action unfairly burdens homeowners while leaving insurance company profits untouched.

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Source

Original: Los Angeles Times

Tags

#California Wildfires #Home Insurance #Consumer Lawsuit #Insurance Commissioner #Fair Plan

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