Insurers Cut Rates, but It’s No Trend Yet;
<h3>Two California companies reduce their auto premiums. Others appear to take a more cautious route.</h3><p class="source">The Los Angeles Times</p>
<p>Under Prop 103, the insurance commissioner has the power to independently call hearings on rates. Garamendi has said that insurers should realize that they won't be allowed to simply sit back and collect excessive profits by declining to seek rate decreas</p>
