Calif. Insurers Dispute Garamendi ?Use & Lose' Rule
NU Online News Service, April 20, 1:12 p.m. EDT?California home insurers said their data shows that Insurance Commissioner John Garamendi's new rule to discourage policy cancellations after claim filings is unnecessary.[@@]
Mr. Garamendi, whose previous attempt to regulate against so-called "use it and lose it practices" was overturned by an insurers court challenge, said last week he had developed a new rule with new language to accomplish the same end.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
