Learn English: Wildfire Fallout: Lawsuit Challenges Insurance Surcharges (normal)

8 months ago

Wildfire Fallout: Lawsuit Challenges Insurance Surcharges

A consumer group filed a lawsuit against the insurance commissioner over proposed increases in homeowners' insurance premiums.

These surcharges result from billions in losses suffered by the California Fair Plan due to recent catastrophic wildfires.

The lawsuit alleges the commissioner's actions circumvent established state laws regarding assessing these costs.

Consumer Watchdog argues that this plan essentially bails out insurance companies at the expense of California homeowners.

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Source

Original: Los Angeles Times

Tags

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

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