He claims to have saved California homeowners billions. The insurance industry hates him [Los Angeles Times] - News Summed Up

He claims to have saved California homeowners billions. The insurance industry hates him [Los Angeles Times]


To understand the beef, you need to understand Proposition 103, a California law governing the insurance industry. That proposition, which Rosenfield helped write, enacted some of the most stringent insurance industry regulation in the nation. After paying the intervening groups, insurance companies wind up passing those fees along to consumers. There has been friction between the insurance industry and consumer groups for decades, but things have recently started to boil over. "The industry is going after Consumer Watchdog harder than normal," said Brian Sullivan , owner and editor of insurance industry publication Risk Information.


Source: Los Angeles Times March 07, 2024 00:53 UTC



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