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Only One Insurer Accepts Garamendi Directive

The only insurer to drop its resistance to the California insurance commissioner's directive to limit the use of geographic location to set auto policyholders' rates said it did so because of a good l

By Kimberly Parent | Updated on July 17, 2006

The only insurer to drop its resistance to the California insurance commissioner’s directive to limit the use of geographic location to set auto policyholders’ rates said it did so because of a good loss experience.

Alice Bisno, vice president of government affairs for the Automobile Club of Southern California, offered little detail on the company’s decision to break ranks with the state’s other auto carriers, who have threatened to fight the regulatory change in court.

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