Insurance companies sequenced these pullouts as a way of orchestrating a pressure scheme to get the legislature to act and they are trying to jam through literally a last minute deal that will put a…
Consumer watchdog says insurance companies and their lobbyists are illegally colluding to coordinate from the states. If true, such collusion would violate state and federal antitrust laws.
Consumer watchdog says insurance companies appear to have engaged in illegal collusion in order to pressure state officials to boost insurance premiums over the past year.
Lawmakers in Sacramento are pushing a last minute deal with just weeks to go. In the session, the plan would pass the cost of fire claims on to people through a surcharge.
"What's happening up in Sacramento in the waning weeks of the legislative session is a time-tested tactic by big special interests and their allies in Sacramento to get something done that will really hurt consumers,"…
Major insurance companies are reducing coverage in California because of wildfire risks so they're pushing for legislation that gives them protections such as compensensation and rolling back oversight rules.
