"Once the carriers see the changes that are going to be happening, they will start coming back into the state," says Mark Robinson, co-founder of law firm Michelman & Robinson and leader of the firm's regulatory practice group. "It's obviously a huge market, but they need to have the rates in order for them to not lose money. So they need to be able to rate the fire areas appropriately." Credit: jdoms/Adobe Stock
While California's property insurance reform proposals are yet to be ironed out, the industry is striking an overall optimistic note on the suite of changes being offered up by the state's insurance regulator, industry sources tell PropertyCasualty360.com.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
