California is at the cusp of a seismic shift in its insurance landscape, a change that aims to reform and revitalize the state’s insurance market. Insurance Commissioner Ricardo Lara unveiled a sweeping set of regulatory reforms poised to overhaul Proposition 103—the foundation of California’s insurance regulations for the past three decades. Commissioner Lara’s Progressive Steps to Insurance Overhaul The upcoming reforms come as part of the commissioner’s ambition to achieve a full-scale reform by year’s end for both home and auto insurance. At the heart of Lara’s reformation strategy lies…
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