Live Insurance News

In California’s ongoing battle over health insurance rates, legislators may have won some ground toward their goals of more affordable coverage. The state’s Assembly approved a bill late last week that would institute much stricter regulations regarding rate changes. The bill requires California insurers to seek approval from regulators regarding rate changes before they can collect premiums from new rates. The majority of the state’s insurance industry opposed the bill, but was unable to sway the minds of lawmakers. The bill expands the powers of the California’s Insurance Commissioner, Dave…