The California Department of Insurance ordered hearings lastweek into proposed rate increases by GeoVera and Fireman's Fund forearthquake insurance coverage.
The Santa Monica-based Foundation for Taxpayer and ConsumerRights said the hearings were a result of its petitions to blockthose rate increases as excessive.
The Department of Insurance granted hearings on both a proposed6.8 percent rate increase by GeoVera, California's largestindependent earthquake insurer, and a proposed 25 percent increasein Fireman's Funds earthquake insurance rates.
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