California auto insurers will have to comply with the state's new rating factor regulations while their legal challenge to the new rating regulations unfolds.
The state's 3rd District Appellate Court yesterday declined to grant an injunction blocking the implementation of the regulations, which are set to take effect today.
"Once again the courts have ruled that insurers must comply with the will of voters who decided in 1988 that how safely you drive is more important than where you live in the pricing of auto insurance," said Insurance Commissioner John Garamendi, who has argued that the prior system for determining rates ran counter to the intent of 1988′s Proposition 103 voter initiative.
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