NU Online News Service, Jan. 5, 3:48 p.m. EST
A California appeals court ruled that the state's insurers must compensate consumer advocacy groups when they take action to have a carrier's rates rolled back, even when a settlement is reached without a hearing.
In a decision by a three-judge panel of the California Court of Appeals in Los Angeles, the judges upheld a lower court ruling saying that the court correctly awarded compensation to the Foundation for Taxpayer and Consumer Rights (FTCR) for its work on proposed amendments to the Department of Insurance rules regarding insurance companies compensating interveners against rate increases.
Continue Reading for Free
Register and gain access to:
- 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
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
