California’s Insurance Crisis: Could Prop 103 Be on the Chopping Block? California’s home insurance market is in trouble. Policies are vanishing. Prices are skyrocketing. And now, a group of insurance industry representatives is pointing fingers at Proposition 103, a decades-old law they say is making things worse. Their solution? A ballot initiative to change it. But what does this mean for you? Let’s break it down. What’s Prop 103, Anyway? Proposition 103 isn’t new. It’s been around since 1988, passed by voters to regulate California’s insurance industry. It does a…
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