California Insurance Commissioner John Garamendi accused five major automobile writers in the state yesterday of trying to forestall his rate regulation changes by blackmailing him with a political smear campaign.
The charges stem from Mr. Garamendi's plan to lessen the weight that carriers can give to an insured's geographic location, a move that detractors claim will have the effect of lowering rates for urban drivers and raising them for rural motorists.
Both the insurance industry and a group of elected officials and other activists have mounted a campaign against the changes, which Mr. Garamendi said up until recently had been within the realm of legitimate political argument.
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