California Court Decision May Hurt Insurers NAIC Told
NU Online News Service, June 16, 1:11 p.m. EDT, San Francisco?Participants at a regulators meeting here said a recent ruling by the California Appeals Court, that potentially challenges the regulators' authority and the validity of rate filings, could be costly and unsettling for the insurance industry.[@@]
A discussion of the case became the top issue during a litigation working group session at the National Association of Insurance Commissioners summer meeting.
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