An insurers trade group executive said today that carriers will be in court Monday to appeal a judge's refusal to halt new regulations limiting carriers' use of ZIP codes to rate California drivers.
Sam Sorich, president of the Association of California Insurance Companies said the organization expects "to go to the California Court of Appeal and ask for a reversal."
Yesterday's decision by Superior Court Judge Loren McMaster in Sacramento was hailed by State Insurance Commissioner John Garamendi, who issued a statement terming it "a great victory for California voters and good drivers wherever they live."
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.