California, a state in the western US, has introduced the Net Cost of Reinsurance in Ratemaking Regulation. According to the California Department of Insurance, this new rule is the first to require ...
Representatives of both insurers and policyholders point out issues with market forces and challenges to addressing coverage ...
California's wildfire risk is so high, numerous insurance companies have left the state. Now, the insurance commissioner has presented a new plan to entice them to return. Insurance companies have ...
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