A bill aimed at squelching the California insurance commissioner's proposal to restrict use of geographic data in setting driver's auto insurance rates was approved by a legislative panel yesterday.
State Assembly Insurance Committee members voted 7-2 for AB 2840, which would require a statewide study to be conducted before any changes are made to the process for calculating auto coverage premiums.
The measure, which was authored by Assemblyman John Benoit, R-Palm Desert, along with Joe Canciamilla, D-Pittsburg, Nicole Parra, D-Hanford, Doug LaMalfa, R-Richvale, and Lois Wolk, D-Davis, now moves to the Assembly Appropriations Committee.
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.
